ISMA says India’s sugar exports will increase by 25% every year

According to industry body Indian Sugar Mills Association (ISMA), India’s sugar exports are expected to increase by 25% by 2021-22. India can export 9 million tonnes of sugar this year as against 61.91 million tonnes in the previous year.

In the current season, 521 mills were in operation as against 506 mills in the previous season. As of May 15, 2022, 405 mills had stopped their crushing operations while 116 sugar mills were still operating in the country. However, in the last season of 2020-21, 461 mills stopped their crushing activities and only 45 mills were operational on the corresponding date.

“The production of net sugar without diversion in ethanol is 56.06 lakh tonnes higher than last year, which is about 16% more. Due to 44.06 lakh tonnes, “ISMA said

ISMA expects most operating plants to close by the end of this month. However, few mills could operate until the first fortnight of June 2022.

According to port information and market reports, more than 8.5 million tonnes of sugar have already been contracted for export, of which about 7.1 million tonnes were exported by the end of April 2022, compared to 43.19 million tonnes in the same period last year. It is learned that another 8-10 lakh tonnes of sugar is in the pipeline for physical export in May 2022. ISMA expects more than 90 lakh tonnes to be exported this season as against 61.91 lakh tonnes last season, ”ISMA said in a statement.

ISMA says that the use of sugar that we stick to the dome has increased this year.

“According to the data provided by the mills and the estimates made by ISMA, the total sales in April, 2022 is estimated to be 23.91 lakh tonnes. This means that by April 2022 this year, sales were about 7.5 million tons, or about 5% more than the same period last year, “ISMA said.

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