Thursday, November 21, 2024

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Govt to soon announce sugar export quota for 2022-23 market year: Food Secretary Sudhanshu Pandey

Govt to soon announce sugar export quota for 2022-23 market year: Food Secretary Sudhanshu Pandey

The government will soon announce the sugar export quota for the next marketing year starting October, said Food Secretary Sudhanshu Pandey on Monday. But he did not reveal the amount of sugar that would be permitted to export in the marketing year 2022-23.

We will soon announce the sugar export policy for next season,” Pandey told reporters here in between the 82th GMS from the Roller Flour Millers Federation of India (RFMFI). In May, the government has allowed exports of 100 sugar lakh tons, but then allowed 12 other lakh tons.This takes the total export quota for the 2021-22 marketing year to 112 lakh tons.

Indian sugar exports established at 70 lakh tons in the marketing year 2020-21, 59 Lakh Tons in 2019-20 and 38 Lakh Tons in 2018-19. Earlier this month, the ISMA Sugar Industry Agency had demanded that the government allow exports of 80 sugar tons of marketing year 2022-23 given the surplus production.

President of the Sugar Mills Indian Association (ISMA) Aditya Jhunjhunwala has written a letter to the Minister of Food and Consumers Piyush Goyal in this regard.

We want to ask the government to allow 80 export tons of exports for 2022-23 SS (sugar season), President Isma said in the letter.

According to initial estimates, Jhunjhunwala said that the production of sugar was clean, without considering the transfer of sugar for ethanol production, it was expected to increase to around 400 lakh tons in 2022-23 of 394 Lakh Tons in the current marketing year.

However, he said 45 sugar lakh tons of sugar are expected to be diverted to ethanol in 2022-23 compared to 34 lakh tons in the current marketing year.

This means that the actual sugar production in 2022-23 was 355 Lakh Ton, said President Isma.

Therefore, after considering the consumption of domestic sugar 275 lakh tons in the following season (2022-23), it is a necessity to export at least 80 tons of surplus sugar abroad to maintain optimal sugar balance in this country,” said Jhunjhunwala.

Exports of sugar surplus will also help maintain the price of domestic sugar, which in turn will improve the position of the factory liquidity, allow them to pay sugar cane farmers on time.

President Isma said that the operation of the destruction of sugar cane in 2022-23 was expected to start from the first week of October itself because of the enormous availability of sugar cane.

Jhunjhunwala urged the government to announce the export policy for the earliest 2022-23 so that Mills can sign the contract in the future and also plan their production in advance.

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