India has allowed additional 5 lakh tonnes sugar for exports under OGL. The decision has been taken in the meeting on dated 23rd June 2011. Total sugar quota for export allowed so far is 10 lakh tonnes which is much below the industry expectation of 15 lakh tonnes.<br><br>Recent decision on allowing additional 5 lakh tonnes of sugar quota under OGL might lends underlying support to the falling sugar prices. At the same time sugar millers are in advantage and likely to fetch premium in the market if they sell their quota to the export houses holding license for sugar export.  <br><br>It is noticeable that sugar millers face difficulty to sell sugar in the open market due to sluggish demand but recent decision for additional 5 lakh tonnes of quota might give respite to the millers. <br>