New Delhi, May 25 (IANS) The government on Wednesday claimed that India has become the largest producer of sugar in the world in the year 2022-23, more than Brazil, while it would be the second largest exporter of sugar.
Sugar production in 2018-19 was 332 lakh metric tonnes (LMT) after discounting diversion of 3 LMT for ethanol; in 2019-20, it was 274 LMT (after discounting diversion of 9 LMT for ethanol); in 2020-21, the production increased to 310 LMT (after discounting diversion of 22 LMT for ethanol) and for 2021-22, it is 335 LMT (after discounting diversion of 35 LMT for ethanol).
The production of sugar has increased and so has sugar exports. In sugar seasons 2017-18, 2018-19 & 2019-20, only about 6.2 LMT, 38 LMT & 59.60 LMT of sugar was exported. 'In sugar season 2020-21 against target of 60 LMT, about 70 LMT have been exported. In the current sugar season 2021-22, against the projected 100 LMT exports, contracts for export of about 90 LMT have been signed, about 82 LMT sugar has been dispatched from sugar mills for export and approximately 78 LMT have been exported. Export of sugar in current sugar season 2021-22 is the historically highest,' Subodh Singh, Joint Secretary, Food, told media persons.
About 80 per cent of sugar is produced in Maharashtra, Uttar Pradesh and Karnataka and because the two states south of Narmada are nearer to the ports, export takes place more from these states.
Earlier, late last night, the government has restricted sugar export up to 100 LMT from June 1 till October 31, 2022 with a view to maintain the domestic availability and price stability during the sugar season 2021-22 (October-September).
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.