Policy

Govt in talk with countries on sugar exports

The Centre is trying to talk to countries to barter the surplus sugar available in India with the pulses in those countries
Govt in talk with countries on sugar exports

The Centre is trying to talk to various countries including Canada and some of the African countries to know whether there is a possibility to barter the surplus sugar available in India with the pulses in those countries, said Union Minister of State, Commerce & Industry (Independent Charge) Nirmala Sitharaman.

She said, "We have just started working on it. The quantum of sugar annually getting accumulated in the last four years has been quite substantial. Unless that is evacuated, you are not going to get the price for the farmers. The situation is so much critical."

Adding on the plans for a barter trade, she said, "It is very much at the early stage. It is not as if we have already come up with a solution. Through the Ministry of External Affairs, we are trying to talk with different governments where pulses are being imported from – some African countries, Myanmar, Canada and many other countries also – where there is a possibility of getting pulses into India and who would want to take our sugar."

She added that this is one of the idea which the government is working, while there are also other ideas for evacuating the buffer sugar. Her Ministry is seeking the help of Ministry of External Affairs and Ministry of Agriculture, is working on it.

According to recent agency report, the government is looking at a proposal to allow four million tonne of sugar through barter trade.
 

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