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isma: Sugar export could reach 85 billion tons this year: ISMA

of India export sugar could reach 85 lakh tons in the current marketing year 2021-22, which ends in September, according to estimates from global trade houses and industry associations ISMA said on Monday. While the country has contracted 72 lakh-tons of sugar exports, physical exports stood at around 56-57 lakh-tons by the end of March this year, it said.

sugar marketing Year runs from October to September. Crushing operations are still ongoing as 366 mills were operational by the end of March while 152 mills had stopped crushing.

Release of the latest sugar production Pay, Indian Sugar Mills Association (ISMA) said: “News from international trading houses indicates that the world market expects 85 lakh-tonnes of sugar exports Indiain the current season.”

According to the industry association, sugar production reached 309.87 lakh tons by March of the current 2021-22 marketing year, up from 278.71 lakh tons in the same period last year.

maharashtra, Uttar Pradesh and Karnataka are the three largest sugar-producing states in the country.

According to ISMA data, sugar production will be Maharasthra rose to 118.81 lakh ton by March from 100.47 lakh ton in the same period last year.

In Uttar Pradesh, sugar production remained lower at 87.50 lakh tons through March this year, compared to 93.71 lakh tons in the same period last year.

Sugar production in Karnataka, the country’s third-largest sugar-producing state, rose sharply to 57.65 lakh-tonnes by March from 42.38 lakh-tonnes in the same period last year.

On the ethanol front, contrary to the entire Letter of Intent (LoI) for shipments of 416.33 billion liters, ISMA said 131.69 billion liters of ethanol had been shipped as of March 27 this year.

The contracted volume as of this writing is 402.66 million liters versus LoIs of about 416 million liters issued by oil marketing companies, it said.

The country averaged a blending percentage of 9.60 percent between December 2021 and March 2022, it added.

(The one stop destination for MSME, ET RISE provides news, views and analysis all around VATexports, finance, politics and management of small businesses.)

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https://economictimes.indiatimes.com/small-biz/trade/exports/insights/sugar-export-may-touch-85-lakh-tonne-this-year-isma/articleshow/90655286.cms isma: Sugar export could reach 85 billion tons this year: ISMA

Dais Johnston

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