The government may consider extending export subsidies given to the sugar industry by another year as the country is on its way to another record production of over 30 million tonne in the 2007-08 season.
"Let us see the total export in the sugar season. It looks like we have already crossed 1.5 million tonne. If this trend continues, we will definitely give serious thought to a one-year extension," Agriculture and Food Minister Sharad Pawar told reporters here.
He was speaking on the sidelines of the 73rd annual general meeting of Indian Sugar Mills' Association (ISMA).
The export sops announced by the government early this year is valid till April 2008. The government is defraying internal transport, handling and marketing charges and ocean freight on sugar exports at Rs 1,350 per tonne for mills located in coastal area and Rs 1,450 for non-coastal states.
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