NEW DELHI, June 8 (Commoditiescontrol) - India's sugar production increased by 15 percent between October 1 and June 6 period of the 2021-22 marketing year at 352.37 lakh tonnes, according to industry body ISMA.
Sugar marketing year runs from October to September.
The production stood at 307.41 lakh tonnes in the year-ago period, Indian Sugar Mills Association (ISMA) said in a statement on Wednesday.
ISMA has revised its all-India sugar production estimate for 2021-22 season to 360 lakh tonnes after considering diversion of 34 lakh tonnes of sugar equivalent into ethanol. It is notable that last year the country produced 311.92 lakh tonnes of sugar after diversion of about 20 lakh tons of sugar for production of ethanol.
On the export front, it is reported that around 94-95 lakh tonnes of export contracts have already been entered into so far. Out of that, about 86 lakh tonnes is reported to have been physically exported till end of May, 2022. Recently, Government has capped sugar exports at 100 lakh tonnes for the current season.
As per reports from sugar mills and estimations made by ISMA, sugar sales by end of April, 2022 have been estimated at 160.05 lakh tonnes, as against 152.61 lakh tonnes in the corresponding period last year, which is higher by about 7.5 lakh tonnes. Further, domestic sugar sales quota released by the Government upto June 2022 is higher by 5.5 lakh tonnes as against corresponding period last year. Considering the above, ISMA estimates domestic sugar consumption in the current season to be at 275 lakh tons against 265.55 lakh tonnes of consumption last year.
Considering an opening stock of about 82 lakh tonnes as on 1st October 2021, domestic consumption of 275 lakh tonnes, sugar exports of 100 lakh tonnes and the estimated sugar production of 360 lakh tonnes, the closing stock as on 30th September, 2022 is expected to be at 67 lakh tonnes, which would be sufficient for 3 months of domestic consumption.
(By Commoditiescontrol Bureau)
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