(a) whether the Government has decided to export 8200 tonnes of sugar to America;
(b) if so, the details thereof;
(c) whether the permission for the said export has been granted to the private sector
by the Government;
(d) if so, the details of the said private companies; and
(e) the details regarding comparative rates of sugar in the American market
and Indian market?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY(SHRI JYOTIRADITYA M. SCINDIA)
(a-d) Madam, a quantity of 8200 Metric Tonnes of raw sugar out of Free sale quota of
2010-11 sugar year(October-September) has been allocated for export to USA, under Tariff
Rate Quota by the Ministry of Consumer Affairs, Food & Public Distribution. As per the
Foreign Trade Policy, Indian Sugar Exim Corporation Ltd. is the only authorized agency to
export the preferential quota sugar to EU and USA.
(e) The spot price of sugar in New York was Rs. 38286 per Metric Tonnes as on 8.11.2010
while in India, it ranges between Rs. 28000-30000 per metric Tonnes.