Sugar exports are estimated to increase by 7 percent to 75 lakh tonnes in the year 2021-22, know the details

Sugar exports are estimated to increase by 7 percent to 75 lakh tonnes in the year 2021-22, know the details

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new Delhi . India’s sugar exports are estimated to grow by 7 per cent to 7.5 million tonnes in the sugar marketing year 2021-22 ending September. The government gave this information in the Rajya Sabha on Friday. This information was given by the Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti in a written reply to a question in the Rajya Sabha.

The minister said that in the year 2021-22 season (October-September), sugar exports are expected to be 75 lakh tonnes, as against 70 lakh tonnes last year. “As a result of various steps taken by the central government, there has been a substantial increase in the export of sugar from the country in the last five years,” he said.

Sugar exports doubled
The Indian Sugar Mills Association (ISMA) recently said that sugar exports have doubled to 4.7 million tonnes between October 2021 and February this year due to increased demand and higher production of Indian sugar in the global market.

Also read- Modi government in action on rising sugar prices, exports may be banned!

According to ISMA, around 64-65 lakh tonnes of sugar export contract has been done so far. Out of this, about 47 lakh tonnes of sugar has been exported from India till the end of February 2022 in the current sugar season, compared to 17.75 lakh tonnes in the same period last year.

ISMA estimates that the sugar industry should be able to export a record 7.5 million tonnes of sugar in the 2021-22 marketing year. ISMA has estimated domestic consumption of sugar at 272 lakh tonnes and production at 333 lakh tonnes.

India is the world’s second largest sugar exporter
Significantly, India is the second largest sugar exporter in the world. If it imposes any kind of control on exports, then the global sugar price may see a rise. But the Indian government is more concerned about the inflation of the domestic market and in such a situation the government is preparing to deal with the rising prices of sugar.

Also read- Inflation hit: From April, now medicines will also become expensive, know what will be the effect on whom

export ban news
In order to control the rising prices of sugar in the domestic market, for the first time in 6 years, the central government can control the export of sugar and can set a limit of 8 million tonnes on the export of this season. The news agency Reuters (Reuters) has given this information citing sources related to the government and industries.

Tags: Import-Export, Sugar, sugar mill, Sugar prices, Sugarcane Farmers

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