SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India enters into contract for export of about 35 lakh tonnes of sugar in 2022-23 season: ISMA

18 Nov 2022 Evaluate

Industry body -- Indian Sugar Mills Association (ISMA) stated that India has entered into a contract for export of about 35 lakh tonnes of sugar so far in the ongoing 2022-23 season, out of which 2,00,000 tonnes have been shipped in October, when compared to about 4,00,000 tonnes in the corresponding month last year. The 2022-23 sugar export policy announced on November 5 allowed exports of 60 lakh tonnes of the sweetener on a quota-basis till May 31. Further quantities for export would be allowed after assessing the domestic production. Sugar season begins from October to September.

ISMA noted several traders entered into export contracts for the 2022-23 season much before the export policy was announced by the government. It said ‘Since then, there has been upward trend in international prices of sugar, as a result of which sugar mills are renegotiating export contract prices’. The crushing operation has begun in the current 2022-23 season.

Mills have produced 19.9 lakh tonnes of sugar till November 15 of the current season, slightly lower than 20.8 lakh tonnes in the year-ago period. Several sugar mills in West started their operations late this season, because of which the sugar production till November 15 was slightly lower. In the 2021-22 season, the country had exported 11 million tonnes of sugar.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×