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₹5,600 crore sought by Indian food ministry to clear sugar mills’ export subsidy dues

The Indian food ministry has reportedly sought ₹5,600 crore in order to clear export subsidy dues of sugar mills as the central government gives a subsidy of about Rs 10,448 for the export of every tonne of sugar.

Exports in the current season are estimated to be 5.7 million tonnes, Economic Times reported.

“So far subsidy of only Rs 600 crore has been disbursed. We need Rs 5,600 crore more to clear dues. The money will help millers clear can arrears to farmers which have been mounted to around Rs 16,000 crore,” said a senior food ministry official.

Editorial Desk at Agrigate.Global

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