Sugar refiners plan to sell 2.5 lakh tonnes domestically as govt moves to boost supplies

Indian sugar refiners plan to sell around 2.5 lakh tonnes of white sugar in the domestic market, adding to government efforts to boost supplies and bring down prices ahead of the festive season, Shree Renuka Sugars Managing Director and Chief Executive Susheel Kumar said on Wednesday.“We have offered to sell around 2.5 lakh tonne of ALS sugar in the domestic market,” Kumar told reporters on the sidelines of an event organised by the Indian Sugar and Bio-energy Manufacturers Association (ISMA), as quoted by PTI.Shree Renuka Sugars, which describes itself as India’s largest sugar refiner, operates two port-based refineries at Kandla in Gujarat and Haldia in West Bengal, with a combined refining capacity of 1.7 million tonnes a year.The move comes after the government directed refiners importing raw sugar under the advance licensing scheme (ALS) to sell the refined product in India instead of exporting it.