India has exported 75 lakh tonnes of sugar until May 18 within the present advertising 12 months ending September, the Food Ministry stated on Thursday.
Sugar advertising 12 months runs from October to September.
“Export of sugar in current sugar season 2021-22 is 15 times of export as compared to export in sugar season 2017-18,” the ministry stated in a press release.
The main importing international locations are Indonesia, Afghanistan, Sri Lanka, Bangladesh, UAE, Malaysia and African international locations.
In 2017-18, 2018-19, 2019-20 advertising years, about 6.2 lakh tonnes, 38 lakh tonnes and 59.60 lakh tonnes of sugar had been exported, respectively.
In 2020-21, about 70 lakh tonnes of sugar have been exported.
“About Rs 14,456 crore (have been) released to sugar mills in past 5 years to facilitate export of sugar and Rs 2,000 crore as carrying cost for maintaining buffer stock,” the assertion stated.
Millers have contracted for export of about 90 lakh tonnes of sugar in 2021-22. Out of which, 75 lakh tonnes have been exported until May 18.
This is with out announcement of any export subsidy.
The ministry stated it’s encouraging sugar mills to divert extra sugarcane to ethanol.
To enhance agricultural financial system, cut back dependence on imported fossil gasoline and save international alternate on account of crude oil import invoice, the federal government has fastened goal of 10 per cent mixing of gasoline grade ethanol with petrol by 2022 and 20 per cent mixing by 2025.
Till 12 months 2014, ethanol distillation capability of molasses-based distilleries was solely about 215 crore litres.
In the previous eight years, the capability of molasses-based distilleries has been elevated to 569 crore litres.
The capability of grain-based distilleries has elevated to 298 crore litres from 206 crore litres in 2014.
Thus, complete ethanol manufacturing capacities have been elevated from 421 crore litres to 867 crore litres in simply eight years.
The provide of ethanol to OMCs was solely 38 crore litres with mixing ranges of just one.53 per cent in Ethanol Supply Year (ESY) 2013-14.
Production of gasoline grade ethanol and its provide to OMCs have elevated by 8 instances from 2013-14 to 2020-21.
In ethanol provide 12 months 2020-21 (December – November), about 302.30 crore litres of ethanol have been equipped to OMCs thereby, attaining 8.1 per cent mixing ranges.
In the present ESY 2021-22, about 186 crore litres ethanol have been blended with petrol until May 8, 2022, thereby attaining 9.90 per cent mixing.
“It is expected that in current ethanol supply year 2021-22, we will be achieving 10 per cent blending target,” the assertion stated.
The authorities has additionally allowed manufacturing of ethanol from B-heavy molasses, sugarcane juice, sugar syrup and sugar.
In sugar seasons 2018-19 , 2019-20 and 2020-21, about 3.37 lakh tonnes, 9.26 lakh tonnes and 22 lakh tonnes of sugar had been diverted to ethanol, respectively.
In 2021-22, about 35 lakh tonnes of extra sugar can be diverted to ethanol.
“By 2025, it is targeted to divert more than 60 lakh tonnes of excess sugar to ethanol,” the assertion stated.
This would resolve the issue of excessive inventories of sugar and enhance liquidity of mills.
Since 2014, greater than Rs 64,000 crore income has been generated by sugar mills and distilleries from sale of ethanol to OMCs which has helped in making well timed cost of dues of farmers.
In 2020-21, sugarcane value Rs 93,000 crore was bought by mills.
In the 2021-22, sugarcane value Rs 1.10 lakh crore is more likely to be bought by sugar mills.
For the present sugar season 2021-22, out of complete cane dues payable of Rs 1,06,849 crore, about Rs 89,553 crore have been paid and solely Rs 17,296 crore are pending as on May 17, thus 84 per cent of cane dues have been paid.
The home ex-mill costs of sugar are additionally now secure and are within the vary of Rs 32-35 per kilogram.
The common retail worth of sugar within the nation is about Rs 41.50 per kg and is more likely to stay within the vary of Rs 40-43 per kg within the coming months.
Source: www.financialexpress.com”