<p>The government on Friday permitted export of 8,424 tonnes of raw or white sugar under tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.</p>.<p>TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports.</p>.<p>"The quantity of 8,424 tonnes of sugar (raw and/or white sugar) to be exported to the US under TRQ scheme from October 1 to September 30, 2022, has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice.</p>.<p>India enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually under the preferential quota arrangement.</p>.<p>India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well.</p>.<p>The country's sugar export rose 20 per cent to an all-time high of 7.1 million tonnes in the 2020-21 marketing year ended last month, on the back of better demand and financial assistance from the government.</p>.<p>Sugar exports stood at 5.9 million tonnes in the marketing year 2019-20.</p>.<p>According to ISMA, the sugar production is estimated to remain flat at 31 million tonnes in the marketing year 2021-22.</p>.<p>The total availability of sugar is estimated to touch 39.5 million tonnes, including an opening stock of 8.5 million tonnes of sweetener.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>The government on Friday permitted export of 8,424 tonnes of raw or white sugar under tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.</p>.<p>TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports.</p>.<p>"The quantity of 8,424 tonnes of sugar (raw and/or white sugar) to be exported to the US under TRQ scheme from October 1 to September 30, 2022, has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice.</p>.<p>India enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually under the preferential quota arrangement.</p>.<p>India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well.</p>.<p>The country's sugar export rose 20 per cent to an all-time high of 7.1 million tonnes in the 2020-21 marketing year ended last month, on the back of better demand and financial assistance from the government.</p>.<p>Sugar exports stood at 5.9 million tonnes in the marketing year 2019-20.</p>.<p>According to ISMA, the sugar production is estimated to remain flat at 31 million tonnes in the marketing year 2021-22.</p>.<p>The total availability of sugar is estimated to touch 39.5 million tonnes, including an opening stock of 8.5 million tonnes of sweetener.</p>.<p><strong>Check out latest DH videos here</strong></p>