Basti Molasses Export Earns USD 5 Lakh As Uttar Pradesh Expands Agricultural Product Reach Globally

Lucknow, 7 September: Under the Yogi Government, Uttar Pradesh's rural economy is no longer confined to local and domestic markets. Agricultural products from the state are now reaching international markets after processing. The export of 25,000 quintals of molasses from Basti is a major example of this. This has generated nearly USD 5 lakh in foreign exchange earnings. Notably, molasses falls under a separate tariff classification; therefore, the foreign exchange earned from it is separate from the state's main excise export figures. Industries linked to agricultural products such as sugarcane and grains in Uttar Pradesh are now gaining access not only to local markets but also to global markets. This has increased opportunities for processing, value addition, and market expansion of raw materials produced in the fields. The state has an extensive sugarcane-based economic network. Along with sugar, by-products such as molasses are also produced from sugarcane. The Yogi Government's Three-Year Excise Export Policy 2026-29 focuses on enhancing the state's production capacity and promoting exports. In the first quarter of financial year 2026-27, the state's excise exports recorded a growth of 45.4 percent compared to the corresponding period of the previous year. During the same period, national growth stood at 18.3 percent. Uttar Pradesh's excise exports reached USD 127.8 lakh during April-June 2026, compared to USD 87.9 lakh during the same period last year. In other words, the state recorded an additional increase of about USD 39.9 lakh. However, the nearly USD 5 lakh in foreign exchange earned from molasses exports from Basti is additional to these figures because of its separate tariff classification. UPTEX-2026 To Showcase Uttar Pradesh Textile Growth, Investment Opportunities & Weaver Schemes The export of agricultural products overseas is not merely a transaction between farmers and exporters. It is supported by an entire chain involving processing, packaging, storage, transportation, and logistics. As exports increase, economic activity in all these sectors is also expected to grow. Excise Commissioner Dr. Adarsh Singh stated that the impact of rising exports in the state is not limited to excise units alone. The upstream segment of the industry is linked to agricultural products such as sugarcane, molasses, and grains, while downstream sectors include glass bottles, packaging, caps, labelling, storage, and transportation. As production and exports increase, economic activity expands across all these sectors. As a result, a comprehensive export chain is being developed from farms to factories and from factories to overseas markets.