Gadkari urges factory owners to cut sugar production and focus on ethanol

Raising concerns over excess sugarcane production in Solapur, Union Minister Nitin Gadkari on Monday urged sugar mill owners to reduce sugar production and increase ethanol production.

Gadkari was in Solapur on Monday for the foundation stone laying ceremony of the national highway projects. The minister said that if production continued like this, farmers would have no choice but to commit suicide.

Meanwhile, India’s sugar exports jumped 64.9% to $4.6 billion in FY 2021-22 from $2.79 billion recorded the previous year, according to the latest government data.

According to data released by the Directorate General of Trade Intelligence and Statistics (DGCI&S), India exported sugar to 121 countries across the world in the fiscal year ending March 2022.

India is the world’s second largest sugar producer after Brazil. Since 2010-2011, India has consistently produced a surplus of sugar, far exceeding national needs. The record exports would allow sugar producers to reduce their stocks and would also benefit sugar cane growers, as increased demand for Indian sugar is likely to improve their achievements, the Ministry of Trade and Industry said in a statement. communicated.

Uttar Pradesh, Maharashtra and Karnataka account for nearly 80% of the country’s total sugar production. Other major sugar cane producing states are Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Tamil Nadu, Bihar, Haryana and Punjab.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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