20 C
New York
Sunday, May 19, 2024

Buy now

Sunday, May 19, 2024

Surplus production of sugar in India

NEW DELHI:

As against the domestic consumption, there has been surplus production of sugar in the country since sugar season 2010-11 (October-September), except in sugar season 2016-17 due to drought, the Parliament was informed on Wednesday.

“In the previous sugar season 2020-21, about 310 lakh metric tonnes (LMT) of sugar was produced, after discounting diversion of 22 LMT of sugar to ethanol, by Indian sugar mills against domestic consumption of 265 LMT. Further, against the estimated domestic consumption of 270 LMT in sugar season 2021-22, the sugar production is estimated to be around 308 LMT, again, after discounting estimated diversion of 35 LMT of sugar to ethanol,” Union Minister of State for Consumer Affairs, Food and Public Distribution, Sadhvi Niranjan Jyoti told the Lok Sabha in a written reply.

The government has been extending assistance to sugar mills, with a view to facilitating the export of surplus sugar, thereby, improving the liquidity of sugar mills and enabling them to clear cane price dues of farmers, she said.

Giving details of export of sugar in past five years, the Minister said, in the sugar seasons 2016-17 and 2017-18, 6.2 LMT was exported, in 2018-19, exports came down to 38 LMT followed by a substantial increase to 59.6 LMT in sugar season 2019-20, and further increased to 70 LMT in sugar season 2020-21. The export of sugar in sugar season 2021-22, till Jan 31, 2022, is 26.5 LMT.

To date, contracts of about 40 LMT have been signed for the export of sugar in the current sugar season and that too without the announcement of any export subsidy. It is also estimated that in sugar season 2021-22, about 50-60 LMT of sugar is likely to be exported by domestic sugar mills.

Further, to facilitate the export of surplus sugar from the country, customs duty on export of sugar has been withdrawn by the Central government from March 20, 2018.
Due to the surplus production of sugar in the country since sugar season 2017-18, the Central government has imposed a 100 per cent customs duty on the import of sugar under OGL to prevent imports and safeguard the interests of farmers. (IANS)

 

Related Articles

Stay Connected

146,751FansLike
12,800FollowersFollow
268FollowersFollow
80,400SubscribersSubscribe

Latest Articles