The apex sugar body has urged the govt to not experiment with a new export system
He did not disclose the quantity of sugar exports that will be allowed for the 2022-23 marketing year (October-September).
Sugar industry body ISMA has demanded that the government should allow exports of 80 lakh tonnes of sweetener in the 2022-23 marketing year starting October in view of surplus production. Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala has written a letter to food and consumer affairs minister Piyush Goyal in this regard. In the current 2021-22 marketing year ending September, the government has allowed sugar exports of 112 lakh tonnes and mills are likely to ship the entire quantities. In May, the government had imposed restrictions on export of sugar beyond 100 lakh tonnes, but later allowed another 12 lakh tonnes of shipments, taking the total to 112 lakh tonnes for 2021-22. Sugar marketing year or season runs from October to September. "We would like to request the government to allow 80 lakh tonnes of exports for 2022-23 SS (Sugar Season) ...," the ISMA President said in the letter. As per preliminary estimate, Jhunjhunwala said the net sugar production,
35 years' experience in oil & gas, micro banking and other sectors; IIM alumnus to assume office on Sept 15
Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT
ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.
As per ISMA, sugar production in 2022-23 is estimated at 355 lakh tons as against 360 lakh tons in current marketing year ending September due to diversion of sugarcane towards ethanol manufacturing
They say some measures have spawned malpractices on the part of exporters, others have been partial to a certain section of traders
Cites production increase to 36 million tonnes from 35 million tonnes last season
ISMA ups 2021-22 sugar production estimate to a record 36 million tonnes
Indian Sugar Mills Association (ISMA), in a statement, said the country's sugar output has risen to 34.23 mn tonnes till April of the current marketing year, from 30 million tonnes in year-ago period
The sugar marketing year runs from October to September.
Maharashtra, Uttar Pradesh and Karnataka are the top three sugar producing states in the country
Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market
The country has physically exported 4.2 MT of sugar till February of the current marketing year, against the export contracts already undertaken for shipment of six million tonne: ISMA
The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, which is about 5 times the current cumulative installations
India's sugar production hiked by 6% from Oct 1 to Feb 15 in 2021-22 marketing year at 220.91 lakh tonnes on higher sugarcane production while exports jumped till Jan at 31.5 lakh tonnes, says ISMA.
This will be a big jump from 8.1 per cent blending seen in last season
Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September)
Indian sugar mills are still waiting for global sugar prices to rise to enter into further export deals, industry body ISMA said on Monday.