sugar exports: Govt to quickly announce sugar export quota for 2022-23 market yr: Meals Secretary Sudhanshu Pandey

“We’ll quickly announce the sugar export coverage for subsequent season,” Pandey advised reporters right here on the sidelines of 82th AGM of Curler Flour Millers Federation of India (RFMFI).

In Might, the federal government had allowed exports of 100 lakh tonne of sugar, however later allowed one other 12 lakh tonne. This took the overall export quota for 2021-22 advertising yr to 112 lakh tonne.

India’s sugar exports stood at 70 lakh tonne in 2020-21 advertising yr, 59 lakh tonne in 2019-20 and 38 lakh tonne in 2018-19.

Earlier this month, sugar business physique ISMA had demanded that the federal government enable exports of 80 lakh tonne of sugar for 2022-23 advertising yr in view of surplus manufacturing.

Indian Sugar Mills Affiliation (ISMA) president Aditya Jhunjhunwala had written a letter to Meals and Shopper Affairs Minister Piyush Goyal on this regard.

“We want to request the federal government to permit 80 lakh tonne of exports for 2022-23 SS (Sugar Season),” the ISMA president had mentioned within the letter.

As per preliminary estimate, Jhunjhunwala mentioned the online sugar manufacturing, with out contemplating the diversion of sugar for manufacturing of ethanol, is anticipated to extend to about 400 lakh tonne in 2022-23 from 394 lakh tonne in present advertising yr.

Nonetheless, he mentioned 45 lakh tonne of sugar are anticipated to get diverted for ethanol in 2022-23 as in opposition to 34 lakh tonne in present advertising yr.

Which means precise sugar manufacturing in 2022-23 can be 355 lakh tonne, the ISMA president mentioned.

“Subsequently, after contemplating home sugar consumption of 275 lakh tonne within the subsequent season (2022-23), it turns into crucial to export not less than 80 lakh tonne of surplus sugar in another country so as to preserve optimum sugar steadiness within the nation,” Jhunjhunwala mentioned.

Exports of surplus sugar would additionally assist in sustaining home sugar costs, which in flip will enhance liquidity place of mills, enabling them to pay sugarcane farmers on time.

The ISMA president talked about that the sugarcane crushing operations in 2022-23 is anticipated to begin from October first week itself due to enormous cane availability.

Jhunjhunwala urged the federal government to announce the export coverage for 2022-23 on the earliest in order that mills can enter into future contracts and in addition plan their manufacturing prematurely.