“We are going to quickly announce the sugar export coverage for subsequent season,” Pandey advised reporters right here on the sidelines of 82th AGM of Curler Flour Millers Federation of India (RFMFI).
In Might, the federal government had allowed exports of 100 lakh tonne of sugar, however later allowed one other 12 lakh tonne. This took the full export quota for 2021-22 advertising 12 months to 112 lakh tonne.
India’sstood at 70 lakh tonne in 2020-21 advertising 12 months, 59 lakh tonne in 2019-20 and 38 lakh tonne in 2018-19.
Earlier this month, sugar trade physique ISMA had demanded that the federal government permit exports of 80 lakh tonne of sugar for 2022-23 advertising 12 months in view of surplus manufacturing.
(ISMA) president had written a letter to Minister on this regard.
“We wish to request the federal government to permit 80 lakh tonne of exports for 2022-23 SS (Sugar Season),” the ISMA president had mentioned within the letter.
As per preliminary estimate, Jhunjhunwala mentioned the online sugar manufacturing, with out contemplating the diversion of sugar for manufacturing of ethanol, is predicted to extend to about 400 lakh tonne in 2022-23 from 394 lakh tonne in present advertising 12 months.
Nevertheless, he mentioned 45 lakh tonne of sugar are anticipated to get diverted for ethanol in 2022-23 as in opposition to 34 lakh tonne in present advertising 12 months.
Which means precise sugar manufacturing in 2022-23 could be 355 lakh tonne, the ISMA president mentioned.
“Due to this fact, after contemplating home sugar consumption of 275 lakh tonne within the subsequent season (2022-23), it turns into crucial to export no less than 80 lakh tonne of surplus sugar in another country to be able to preserve optimum sugar steadiness within the nation,” Jhunjhunwala mentioned.
Exports of surplus sugar would additionally assist in sustaining home, which in flip will enhance liquidity place of mills, enabling them to pay sugarcane farmers on time.
The ISMA president talked about that the sugarcane crushing operations in 2022-23 is predicted to begin from October first week itself due to enormous cane availability.
Jhunjhunwala urged the federal government to announce the export coverage for 2022-23 on the earliest in order that mills can enter into future contracts and likewise plan their manufacturing prematurely.