The Food Ministry has allowed 6 million tonnes of sugar exports for the present 2022-23 advertising and marketing yr. File photograph
| Photo Credit: Reuters
India, the world’s second-largest sugar-producing nation after Brazil, can export an extra one million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this yr, a senior Food Ministry official mentioned on March 6.
The authorities will take a name subsequent month on permitting extra portions of sugar exports, after assessing domestic manufacturing, he mentioned.
Sugar availability is snug within the nation and consequently, wholesale and retail costs of the sweetener are on a decline within the final one month.
The Food Ministry has allowed 6 million tonnes of sugar exports for the present 2022-23 advertising and marketing yr (October-September).
India exported a document 11 million tonnes of sugar within the earlier yr.
“More exports are possible and we have a cushion for exports of additional one million tonnes, suppose the overall production reaches the estimated 33.6 million tonnes this year,” the official mentioned.
Sugar manufacturing has already reached 24.7 million tonnes until February of the continuing 2022-23 advertising and marketing yr, whereas mills have despatched 4.3 million tonnes for exports to date this yr, he mentioned.
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The crushing operation will come to an finish by the following month and the federal government will assessment exports after assessing the ultimate manufacturing figures, he added.
According to the Food Ministry, the nation’s sugar manufacturing has been estimated decrease at 33.6 million tonnes for the 2022-23 advertising and marketing yr, because of fall in manufacturing within the high three producing States.
Sugar manufacturing in Maharashtra, the nation’s main sugar-producing State, is estimated to be decrease at 12 million tonnes within the 2022-23 advertising and marketing yr, as towards 13.7 million tonnes within the earlier yr.
Production in Uttar Pradesh can also be more likely to decline marginally to 10 million tonnes, as towards 10.2 million tonnes, whereas that of in Karnataka it’s estimated to drop to five.5 million tonnes, as towards 6.2 million tonnes throughout the comparable interval, as per the official knowledge.
About 5 million tonnes of sugar shall be diverted for ethanol manufacturing this year, a lot larger than 3.6 million tonnes within the earlier yr.
Despite an estimate of decrease sugar manufacturing, the official mentioned India’s complete availability of sugar can be 40.1 million tonnes in 2022-23, which features a carry-over inventory of seven million tonnes.
Initially, the carry-over inventory was projected to be 6.1 million tonnes nevertheless it has risen to 7 million tonnes after precise verification of inventory by State Governments, he added.
The official asserted that there is no such thing as a provide concern and each wholesale and retail costs are on a decline within the final one month.
The wholesale worth of sugar was ruling at ₹3,841 per quintal on March 3, as towards ₹3,860 per quintal a month in the past. The retail worth of sugar too was down marginally at ₹41.61 per kg, as towards 41.8 per kg throughout the comparable interval, the official added.
On cane arrears, the official mentioned the present yr has been one in all greatest years as mills have cleared most dues.
Out of ₹1,18,271 crore dues payable throughout 2021-22 advertising and marketing yr, the pending arrear is simply ₹432 crore.
Similarly within the ongoing 2022-23 advertising and marketing yr, mills have a transparent 77% of ₹69,381 crore dues payable to the growers to date. Pending dues is about ₹15,842 crore which shall be paid quickly, the official added.
