India sugar export: During October-December, India’s sugar exports increased 4 times to 17 lakh tonnes. This jump has been registered due to the increase in demand from abroad.
17 lakh tonnes of sugar was exported.
Organization of Sugar Industry ISMA (ISMA) has stated that the country’s sugar exports during the period October-December (India Sugar Export) almost quadrupled to reach 17 lakh tonnes. The reason for this increase was the increase in demand from abroad. Till now, 38-40 lakh tonnes have been contracted for export by sugar mills. Mills are now waiting for a correction in global prices for further contracts. The marketing year for sugar runs from October to September. ISMA said in a statement, “As per the market reports and port information, about 17 lakh tonnes of sugar has been exported during the period October to December, 2021.” Tons of sugar was exported.
ISMA said that it has been reported that around seven lakh tonnes of sugar is in the pipeline for export this month. “The global crude sugar prices have further declined amid reports of better-than-expected production in the upcoming session 2022-23 (April-March) in Brazil and are currently trading at a 5-month low of around 18 cents,” Isma said. / is on the pound. According to the association, Indian mills are waiting for an opportune time and are in no rush to sign further export contracts. So far 38-40 lakh tonnes of sugar export contracts have been signed.
151.41 lakh tonnes of sugar production
The Sugar Mills Association of India (ISMA) said that the country has produced 151.41 lakh tonnes of sugar between October 1, 2021 and January 15, 2022 in the current marketing year 2021-22, as against 142.78 in the same period of the previous marketing year. Millions of tons of sugar was produced.
in which state how much
ISMA said sugar mills in Maharashtra have produced 58.84 lakh tonnes of sugar till January 15, 2022, as against 51.55 lakh tonnes in the same period of the previous marketing year. Sugar production in Uttar Pradesh declined to 40.17 lakh tonnes till January 15 from 42.99 lakh tonnes in the same period a year ago. In Karnataka, sugar production increased to 33.20 lakh tonnes as on January 15, 2022, as against 29.80 lakh tonnes in the corresponding period of the previous marketing year.