Indian Sugar Mills Association

Sugar industry body ISMA on Wednesday said the government's decision to cap sugar exports at 10 million tonnes in 2021-22 marketing year ending September will not have a significant impact

Since Oct. 1, 2022, when the current sugar season began, Indian mills have signed contracts to export a record 8 million tonnes of the sweetener

The record drop in stocks has largely been due to bumper exports of seven million tones and diversion of 2.1 million tones of sugar towards ethanol

In coming season, the state's sugar output is pegged at 12.3 million tonnes

The current season began on October 1

The excess production is a major issue as mills had planned to expand ethanol production

The industry's closing stock as at the end of September seen at 10 million tonnes

Reducing sugar surplus, rising ethanol procurement, and potential for exports bode well

Ethanol is disrupting the traditional sugarcane value chain and could be a viable option to hedge the sugar sector from seasonal fluctuations and export market shocks

Seven-member panel formed to study proposal, offer recommendations on action plan, selected sugar complexes, mode of travel and coordination with tourism department

UP, Maharashtra could produce over 10 million tonnes each this season