India’s year-on sugar manufacturing until January 15 lags by 5.28%

In line with ISMA, India has produced 149.52 lakh tonnes of sugar until January 15 as in opposition to 157.87 lakh tonnes produced throughout the identical interval of earlier yr. The sugar manufacturing of Maharashtra is 50.73 lakh tonnes over 60.26 lakh tonnes final yr, whereas the sugar manufacturing of Uttar Pradesh (UP) stood at 45.73 lakh tonnes in opposition to 40.65 lakh tonnes a yr in the past. UP’s sugar manufacturing is greater by 12.5% over the identical interval of earlier yr.

Anticipating a fall in India’s sugarcane manufacturing attributable to drought situations in Maharashtra and Karnataka, India has banned use of sugar syrup and B-heavy molasses for ethanol. Nonetheless, regardless of the sugar manufacturing being decrease than earlier yr, citing ‘experiences’, the ISMA has now claimed that the sugar manufacturing is more likely to be greater than anticipated earlier. “As per experiences, latest climate has been beneficial for the standing cane crop and cane commissioners of main states like Uttar Pradesh, Maharashtra and Karnataka have performed upward revision of their sugar manufacturing estimates for 2023-24 sugar season to the tune of 5 – 10% every,” ISMA has claimed in a media launch.

Based mostly on anticipated improve in sugar manufacturing, ISMA has requested the federal government to permit extra 10-12 lakh tonnes of sugar diversion in the direction of ethanol manufacturing and improve the value of ethanol.

“Authorities had just lately introduced incentive for ethanol created from Maize, however for the reason that sugar cane crop is extra environment friendly when it comes to water/nutrient/land use or carbon sequestration, as in comparison with maize and deserves to be supported extra by the federal government and due to this fact upward revision within the procurement price of ethanol produced from Sugarcane Juice/ Syrup, B-Heavy Molasses and C-Heavy Molasses for Ethanol Provide 12 months 2023-24 (November-October) must also be introduced instantly,” mentioned ISMA within the launch.