sugar output: India’s sugar output seen 13 laptop up at 35 mn tons, exports at 9.5 mn tons in 2021-22: Govt

The evaluation of the sugar availability and export scenario was mentioned in a digital assembly chaired by Meals Secretary Sudhansu Pandey with the state cane commissioners right here on Tuesday, the ministry added.

As per the revised estimates, the ministry stated sugar output of 35 million tonne has been estimated for the continuing 2021-22 advertising yr after discounting 3.5 million tonne of sugar for ethanol.

The manufacturing, nevertheless, is larger than the estimated home consumption of about 27.8 million tonne, it stated in an announcement.

There was a carry-over inventory of about 8.5 million tonne in the beginning of the 2021-22 advertising yr.

In accordance with the ministry, the provision of sugar within the nation is enough to satisfy home necessities.

“As such, there will probably be easy availability of sugar and sugar costs within the home market are anticipated to stay secure at affordable ranges,” it stated.

Within the present advertising yr, sugar exports are prone to be 9.5 million tonne. After exports, there could be a closing inventory of over 6 million tonne on the finish of September 2022, it stated.

Within the ongoing 2021-22 advertising yr, the ministry stated out of complete cane dues payable of Rs 91,468 crores, about Rs 74,149 crores have been paid to farmers as of April 18 this yr.

“It’s anticipated that within the present sugar season, cane worth fee of greater than Rs 1,00,000 crores could be made by sugar mills to farmers. Improve in export and diversion of sugarcane to ethanol has expedited cane worth funds to farmers,” it added.

Additional, the ministry stated the federal government is encouraging sugar mills to divert extra sugarcane for ethanol mixing with petrol, which not solely serves as a inexperienced gasoline but additionally saves overseas trade on account of crude oil import.

There was a rise within the diversion of sugar for ethanol making within the final three years. About 3,37,000 tonne of sugar was diverted for ethanol in 2018-19, 9,26,000 tonne in 2019-20 and 22,00,000 tonne in 2020-21.

Within the present advertising yr, about 35,00,000 tonne of sugar is estimated to be diverted for ethanol making, it stated, including that by 2024-25, about 60,00,000 tonne of sugar is estimated to be diverted for ethanol that may tackle the issue of extra sugarcane in addition to delayed fee concern to farmers.

From the sale of ethanol to grease advertising corporations, sugar mills have generated about Rs 53,000 crore in income between 2013-14 and 2020-21. Within the present 2021-22 yr, greater than Rs 18,000 crore income is anticipated to be generated.

India is the world’s second-largest sugar producer after Brazil.