India’s sugar exports could hit 85 lakh tonnes this year, says ISMA

India’s sugar exports could reach 85 lakh tonnes in the 2021-22 marketing year ending in September, according to estimates from global trading houses, industry body ISMA said on Monday.

While the country contracted 72 lakh tons of sugar exports, physical exports were around 56 to 57 lakh tons till the end of March this year, he said.

The sugar marketing campaign runs from October to September. The crushing operation is still ongoing as 366 crushers were operating until the end of March, while 152 crushers had stopped crushing.

Publishing the latest sugar production figures, the Indian Sugar Mills Association (ISMA) said: “News from international trading houses indicate that the global market is expecting 85 lakh tonnes of sugar exports from India. ‘India, for the current season’.

According to the industry body, sugar output hit 309.87 lakh tonnes till March of the current 2021-22 marketing year, up from 278.71 lakh tonnes a year ago.

Maharashtra, Uttar Pradesh and Karnataka are the country’s three main sugar producing states.

According to ISMA data, sugar production in Maharasthra rose to 118.81 lakh tonnes through March from 100.47 lakh tonnes a year ago.

In Uttar Pradesh, sugar production remained below 87.50 lakh tonnes until March this year, down from 93.71 lakh tonnes a year ago.

Sugar production in Karnataka, the country’s third-largest sugar-producing state, increased significantly to 57.65 lakh tonnes through March from 42.38 lakh tonnes a year ago.

On the ethanol front, ISMA said that against the total Letter of Intent (LoI) for the supply of 416.33 crore liters, 131.69 crore liters of ethanol were supplied in the 27 March of this year.

The contracted quantity to date is 402.66 crore liters against letters of intent of around 416 crore liters issued by the oil marketing companies, he said.

The country averaged a mixing percentage of 9.60% between December 2021 and March 2022, he added.

(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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