EID Sugar Business

Government Reforms in Sugar Sector Short Term ✰ Zero export duty - Mills incentivized to export a proportion of their production ❖ Minimum Selling Price for sugar ❖ Maintenance of buffer stock to limit quantum available for sales ❖ Restriction on monthly sale of sugar by mills through Release Order mechanism Long Term - 10% Ethanol Blending Program Opportunity for sugar mills to expand into distilleries with investment subsidies ◆ Procurement price fixed for ethanol made from different molasses sources ❖ Five year off take commitment by government * 5 MMT of Sugar expected to be diverted, providing stability to sugar prices by managing surplus 20 20 PARRYS murugappa

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