Indian Sugar Mills Association

The apex sugar body has urged the govt to not experiment with a new export system

The government will soon announce export quota of sugar for next marketing year starting October, Food Secretary Sudhanshu Pandey said on Monday. He however did not disclose the quantity of sugar that will be allowed for export in 2022-23 marketing year. "We will soon announce the sugar export policy for next season," Pandey told reporters here on the sidelines of 82th AGM of Roller Flour Millers Federation of India (RFMFI). In May, the government had allowed exports of 100 lakh tonne of sugar, but later allowed another 12 lakh tonne. This took the total export quota for 2021-22 marketing year to 112 lakh tonne. India's sugar exports stood at 70 lakh tonne in 2020-21 marketing year, 59 lakh tonne in 2019-20 and 38 lakh tonne in 2018-19. Earlier this month, sugar industry body ISMA had demanded that the government allow exports of 80 lakh tonne of sugar for 2022-23 marketing year in view of surplus production. Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala ha

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

Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices

Sugar industry body ISMA on Wednesday said the government's decision to cap sugar exports at 10 million tonnes in 2021-22 marketing year ending September will not have a significant impact

Since Oct. 1, 2022, when the current sugar season began, Indian mills have signed contracts to export a record 8 million tonnes of the sweetener

The record drop in stocks has largely been due to bumper exports of seven million tones and diversion of 2.1 million tones of sugar towards ethanol

In coming season, the state's sugar output is pegged at 12.3 million tonnes

The current season began on October 1

The excess production is a major issue as mills had planned to expand ethanol production

The industry's closing stock as at the end of September seen at 10 million tonnes

Reducing sugar surplus, rising ethanol procurement, and potential for exports bode well

Ethanol is disrupting the traditional sugarcane value chain and could be a viable option to hedge the sugar sector from seasonal fluctuations and export market shocks

Seven-member panel formed to study proposal, offer recommendations on action plan, selected sugar complexes, mode of travel and coordination with tourism department

UP, Maharashtra could produce over 10 million tonnes each this season