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