Sugar exports estimated at a record 9.5 million tonnes in 2021-22

Government says prices won't rise; closing stock levels seen among lowest in last 10 years

Sugar exports from India in the current marketing season that started in October is expected to be a record 9.5 million tonnes, but it might not lead to sharp escalation in domestic prices as production is expected to be better than anticipated, the Central government hoped.

It said sugar production in 2021-22 is expected to be around 13 per cent higher than the previous year at 35 million tonnes while opening stocks at the start of the year is estimated to be around 8.5 million tonnes.

This will mean a total availability of 43.5 million tonnes of sugar in 2021-22.