Saturday, May 21, 2022
HomeBusinessSugar exports from the country are 7 million tonnes by April: ISMA

Sugar exports from the country are 7 million tonnes by April: ISMA

New Delhi, May 5 (PTI) The country has so far exported 7 million tonnes of sugar in the current marketing year 2021-22. Giving this information on Thursday, industry body ISMA said that sugar exports may reach a new record level of 9 million tonnes during the year.

India is the second largest producer of sugar in the world after Brazil.

The Indian Sugar Mills Association (ISMA) said in a statement that the country’s sugar production has increased to 34.20 million tonnes in the current marketing year till April, from 30 million tonnes in the same period a year ago.

The sugar marketing year runs from October to September.

The country had exported a record 72.3 lakh tonnes of sugar in the marketing year 2020-21. Most of these exports were made with the help of government grants.

ISMA said, “As per various trade reports, around 82-83 lakh tonnes of sugar has been contracted so far. Out of this, about 68 lakh to 70 lakh tonnes of sugar is estimated to be exported by April.”

According to the organization, on the basis of this it is estimated that the Indian sugar industry can export more than 9 million tonnes in the current marketing year.

This year sugar is being exported without government grant.

On sugar production, ISMA said it has grown by 14 per cent to 34.2 million tonnes during the October-April period of the 2021-22 marketing year over the same period a year ago.

Sugar production in Maharashtra, the country’s major sugar producing state, has increased to 13.20 million tonnes by April of the current marketing year, as against 10.50 million tonnes in the same period last year.

Production in the country’s second largest sugar producing state Uttar Pradesh has declined to 98.9 million tonnes so far in the current marketing year from 10.50 million tonnes in the same period a year ago.

In Karnataka, the country’s third largest sugar producing state, the production till April this year increased to 5.9 million tonnes from 4.24 million tonnes in the same period a year ago.

,

Html code here! Replace this with any non empty raw html code and that's it.
AUTO
MOBILE
TECH NEWS

Entertainment

Most Popular