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An 18 percent increase in estimated sugar output raises hopes of an improvement in their performance but a few major obstacles need to be tackled
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The Economic Survey released on July 22 states that the export restrictions have helped stabilise domestic sugar prices, which have not got inflated despite volatility in global sugar prices seen since last year.
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The downslide in sugar production is expected on account of less rainfall this monsoon which has led to lesser sugarcane plantations.
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ISMA said it remains committed to working closely with the government and other stakeholders to find solutions that benefit farmers, consumers, oil marketing companies and the sugar industry as a whole.
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The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year (October-September), from an earlier projection of 121 lakh tonnes.
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Sugar production in India, a major producer of the sweetener in the world, stood at 22.22 million tonne in the same period of the previous marketing year.
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Sugar production stood at 187.1 lakh tonnes during October-January period of the previous marketing year.
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In a statement, Indian Sugar Mills Association (ISMA) said sugar production in 2022-23 is estimated at around 340 lakh tonnes after diversion of 45 lakh tonnes of sweetener towards ethanol manufacturing.
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Sugar production in India, one of the world's major producers of the sweetener, stood at 116.4 lakh tonnes in the same period of the previous marketing year.
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Anti-dumping rules, 1995 provide for termination of a probe in certain situations which include withdrawal of application by the affected domestic industry at whose instance the investigation was initiated.
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While the industry had requested the government to allow exports of 9 million tonnes of sugar, the Food Ministry on November 5, permitted only 6 million tonnes on a quota basis till May 31 of the 2022-23 season (October-September).
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As per the estimates of the Niti Aayog, to achieve 20 per cent of ethanol (E20) blending in petrol in the country by 2025, 1,000 crore litres of ethanol will be required, he said while speaking at an event organised by Society of Indian Automobile Manufacturers (SIAM).
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In May, the government had imposed restrictions on export of sugar beyond 100 lakh tonnes, but later allowed another 12 lakh tonnes of shipments, taking the total to 112 lakh tonnes for 2021-22.
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According to the latest figures issued by industry group ISMA on Wednesday, sugar exports from India , reached a new high of 8.6 million tonne in May of the current marketing year.
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In a statement, the Indian Sugar Mills Association (ISMA) said that 43.19 lakh tonnes of sugar were exported during the corresponding period of the last year.
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The sugar marketing year runs from October to September.
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While the country has contracted 72 lakh tonne of sugar export, the physical exports have been around 56-57 lakh tonne till March-end this year, ISMA said.
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According to ISMA data, sugar production rose 9 per cent between October 2021 and March 15 this year to 283.26 lakh tonnes on higher cane output and better yield.
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The sugar production across the country was 14.10MT in the year-ago period, ISMA said in a statement.
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The government has extended the nationwide lockdown till June 30 with a phased plan to unlock India. Malls, hotels, restaurants and places of worship can open on June 8 except in areas with the most number of coronavirus cases.
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Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said.
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However, fall in overseas sales of sugar during the lockdown is expected to "partially or largely" get compensated by the extra sales to Indonesia, which is likely to meet its sugar demand from India in view of shortages in Thailand, ISMA said.
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Indian Sugar Mills Association (ISMA) had in November last year pegged sugar production at 26 million tonnes for the 2019-20 marketing year (October to September) considering fall in sugarcane crop in key growing states, compared with 33.16 million tonnes during the 2018-19 marketing year.
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"We are due to meet on Feb. 25 when we will revisit the estimate and if there is significant change it will come out in the last week of February," Vivek Pittie, President of ISMA told an industry conference in Dubai.
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Sugar marketing year runs from October to September. Mills had manufactured 7.05 million tonne of sugar in the same period of the 2018-19 marketing year.
