Sugar Exports Likely to Touch Record High 7.5 MT in 2021-22

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07 March 2021, New Delhi: Indian sugar exports could touch a record high of 7. 5 million tonnes (MT) in the current marketing year 2021-22 as against the estimated 6 MT. However, traders and exporters do not expect substantial increase in domestic sugar prices. 

A rise in the amount of sugar diverted to ethanol production has led to a deficit globally which Indian exports are filling. Indian sugar export is expected to touch record high, said Sudhanshu Pandey, secretary, Department of Food & Public Distribution. 

Indian Sugar Mills Association (ISMA) also said that the country has physically exported 4. 2 MT of sugar till February of the current marketing year, against the export cont-racts already undertaken for shipment of 6 million tonnes. Another 12-13 MT of sugar are expected to be exported in March 2022. 

Considering the recent ISO report indicating a global deficit of around 1. 93 MT for 2021-22 SS (October – September) and interest of exporters to buy more Indian sugar. 

“Sugar prices have increased by Rs 50/quintal in March over the previous month. However, they are still lower when compared to November and December levels,” said Praful Vithalani, chairman, All India Sugar Traders Association (AISTA). 

Also Read: Launch of new climate-smart desert farming in the CWANA region

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