Sugar export may touch 85 lakh tonne this year: ISMA

Sugar export may touch 85 lakh tonne this year: ISMA

While the country has contracted 72 lakh tonne of sugar export, the physical exports have been around 56-57 lakh tonne till March-end this year, ISMA said.







PTI









April 04, 2022 / 03:53 PM IST





India’s sugar export may touch 85 lakh tonne in the ongoing 2021-22 marketing year ending September, as per the estimates of global trade houses, industry body ISMA said on Monday.

While the country has contracted 72 lakh tonne of sugar export, the physical exports have been around 56-57 lakh tonne till March-end this year, it said.

Sugar marketing year runs from October to September. Crushing operation is still on as 366 mills were operating till March-end, while 152 mills had stopped the crushing.

Releasing the latest sugar production figures, Indian Sugar Mills Association (ISMA) said: "News from the international trade houses indicate that global market is expecting 85 lakh tonne of sugar exports from India, in the current season.”

According to the industry body, sugar production reached 309.87 lakh tonne till March of the ongoing 2021-22 marketing year, higher than 278.71 lakh tonne in the year-ago period.

Maharashtra, Uttar Pradesh and Karnataka are the top three sugar producing states in