Industry body -- the Indian Sugar Mills Association (ISMA) has projected that sugar production of India is likely to be 36.5 million tonnes in the 2022-23 marketing season, an increase of 2 per cent compared to 35.8 million tonnes during the 2021-22 marketing season. The sugar marketing season runs from October-September. With an estimated increase in production despite higher diversion for ethanol, ISMA expects export to be around 9 million tonnes this season.
In its first estimate, the ISMA said ‘after accounting for the reduction of 45 lakh tonnes in sugar production due to diversion of cane juice/ syrup and B-molasses to ethanol, ISMA estimates sugar production in 2022-23 at around 36.5 million tonnes of sugar.’ Sugar output in Uttar Pradesh is estimated to be 12.3 million tonnes, Maharashtra at 15 million tonnes and Karnataka at 7 million tonnes during the 2022-23 season. It said a total of about 545 crore litres of ethanol would be required and supplied during the current season.
On exports, the industry body said the window of timeline for exports appears to be quite short for Indian sugar this year as Brazil sugar will hit the global market by May 2023. Further, most mills have already contracted sugar for export supplies in the current season. So, an early announcement of sugar export policy by the government should be highly appreciated.
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