According to the Indian Sugar Mills Association (ISMA), worldwide buying and selling homes anticipate India to export at the least 85 lakh tonnes (lt) of sugar through the present season, which runs from April to September. “Trade reports show that over 72lt of sugar export has been contracted so far, with physical exports expected to be around 56-57 lt by the end of March 2022,” ISMA stated in a press release.
According to an ISMA assertion issued on Monday, 518 sugar mills started crushing operations through the present season, in comparison with 505 mills that operated final 12 months.
By March 31, they’d produced 309.87 lt of sugar, in comparison with 278.71 on the earlier 12 months. The output has elevated by 31.16 litres. About 152 mills have stopped crushing, whereas 366 sugar mills within the nation are nonetheless crushing.
Sugar manufacturing in Maharashtra was 118.81 lt till March 31, 2022, in comparison with 100.47 on the earlier 12 months. During the present season, 30 mills within the state have shut down their crushing operations, with the vast majority of them positioned within the Kolhapur area and some within the Solapur area.
The remaining 167 sugar mills proceed to function. Mills have crushed roughly 1,143 lt of sugarcane up to now, a report excessive, surpassing roughly 1,014 lt cane crushed throughout the complete 2020-21 season.
There are 120 sugar mills in Uttar Pradesh which have produced 87.50 lt of sugar as of March 31, 2022. 32 sugar mills out of 120 have ceased crushing operations, the vast majority of that are positioned in Eastern UP. An analogous variety of mills had been in operation within the state final 12 months, producing 93.71 lt as of March 31, 2021. On the identical date final 12 months, 39 mills shut down their crushing operations.
Record in Karnataka
In Karnataka, 72 sugar mills produced 57.65 lt of sugar till March 31. Similarly, to Maharashtra, this 12 months’s sugar manufacturing is by far the very best on report. In Gujarat, 15 mills are presently operational, producing 10 lt of sugar. In Tamil Nadu, 28 sugar mills started crushing operations for 2021-22, producing 6.87 lt of sugar versus 5.08 lt produced by 26 sugar mills in 2020-21.
Andhra Pradesh, Telangana, Bihar, Uttarakhand, Punjab, Haryana, Madhya Pradesh, Chhattisgarh, Rajasthan, and Odisha produced the remaining 29.04 lt of sugar. For the present marketing campaign, Bihar and Rajasthan have already accomplished their crushing operations.
As of March 27, 2022, 131.69 crore litres of ethanol had been provided in opposition to the full LOI amount of 416.33 crore litres. As of at the moment, the contracted amount is 402.66 crore litres, in comparison with LOIs of roughly 416 crore litres issued by OMCs. According to the ISMA, the nation has averaged a mixing share of 9.60% till the tip of March since December 2021.