India’s sugar exports at a record 8.6m tonnes till May this year: ISMA

According to the Indian Sugar Mills Association, it is reported that about 9.4-9.5 million tons of export deals have been done so far

According to the Indian Sugar Mills Association, it is reported that about 9.4-9.5 million tons of export deals have been done so far

Sugar exports from India, the world’s largest producer and second-largest sweetener exporter, hit a record 8.6 million tonnes through May of the current 2021-22 marketing year se ending in September, according to the latest data released Wednesday by industry body ISMA. .

The country had exported a total of 7 million tons of sugar in the 2020-21 marketing year, while domestic production stood at 31.19 million tons during the same period.

Last month, the government capped sugar exports at 10 million tonnes to ensure adequate domestic supplies and control retail prices during the festival season in October-November. However, the cooperatives demanded an increase in the export ceiling of 1 million tons.

According to the Indian Sugar Mills Association (ISMA), around 9.4 to 9.5 million tonnes of export contracts have already been concluded so far. Of this total, approximately 8.6 million tonnes would have been physically exported until the end of May 2022.

It is estimated that around 16 million tons of sugar were sold on the domestic market during the October-April period of the current marketing year, which is 7.50,000 tons more than the 15.26 million tons of the previous year.

In addition, the domestic sugar sales quota released by the government until June is 5.50 thousand tons higher than the corresponding period last year.

In this context, ISMA estimates domestic sugar consumption for the current marketing year at 27.5 million tonnes, compared to 26.55 million tonnes the previous year.

According to ISMA, national sugar production reached 35.23 million tons until June 6 of the current marketing campaign, compared to 30.74 million tons the previous year.

“As the special season is underway in Tamil Nadu and Karnataka and the availability of cane in these states is good for the remaining period until the end of the current season, approximately 6,00,000 tons of sugar additional should be produced collectively by these states,” ISMA said.

As a result, ISMA has revised its all-India sugar production estimate for the 2021-22 marketing year to 36 million tonnes after considering the diversion of 3.4 million tonnes for ethanol.

The ending stock at the end of September is estimated at around 6.7 million tonnes, which would be enough for 3 months of domestic consumption, he added.

Rachel J. Bradford