According to a notification released by the directorate general of foreign trade (DGFT), the government on Wednesday extended the ban on sugar exports past October 31.As to the notification, “Export restrictions on sugar, including raw, white, refined, and organic sugar, are extended beyond October 31, 2023, until further order.” The government said last year that…
According to the Indian Sugar Mills Association (ISMA), increasing sugarcane diversion for ethanol production is expected to result in a 3.41% decrease in sugar production, or 31.68 million tonne (MT), in the upcoming season (October-September), compared to the season 2022-2023. It is anticipated that 32.8 MT of sugar will be produced this season. According to…
Until at least the first half of the following season, India is not considering allowing sugar exports since the government is concerned the El Nino weather pattern will restrict rainfall and hurt production, government sources said on Monday. The amount of sweetener mills can export is typically decided by India, the second-largest exporter of sugar…
Out of the 514 crore liters of ethanol contracted for the ethanol supply year (ESY) 2022-23, 233 crore liters had been delivered to oil marketing companies as of April 30. This allowed them to increase the blending to 11.65 percent from 10% during the same period last year. In the present ESY, a 12% ethanol…
Farmer payments totaling 82% of the fair and remunerative price (FRP) have been made by the 189 sugar mills currently processing sugarcane through September 2023. By December 19, these mills had crushed 236.69 lakh tonnes (lt) of sugarcane, according to information provided by the Maharashtra Sugar Commissioner office, and they still owed FRP of $7,407.20…
According to Sonjoy Mohanty, DirectorGeneral, Indian Sugar Mills Association, The sugar sector is hoping that the government will permit the export of an additional 30 lakh tonnes (lt) of sugar (ISMA). As a result, he continued, domestic prices would remain stable, cane growers will receive payments on time, and inventory levels will decrease. The central…
The central government has approved an additional 1.2 million tonnes (MT) of sugar exports for the current season in expectation of higher domestic production in the next season. This approval is in addition to around 10 MT of sugar already exported in the current season (October 2021-September 2022). The projected sugar exports in excess of…
Ahead of the meeting of the committee of secretaries, the sugar industry has sought the release of 10 lakh tonnes (lt) of additional export quota to mills and bringing back export under the “free” category from next season starting October 1. A sizeable quantity is likely to be cleared even if the government does not…
Sugar stocks on Tuesday came under selling pressure after media reports indicated that restrictions were likely to be imposed on exports to protect food supplies in the country. The Government is planning to limit sugar exports at 10 million tonne (MT) for the marketing year that runs through September, in order to ensure that there…
Sugar mills across the country have produced 329.91 lakh tonnes of sugar till April 15, which is higher than 291.82 lakh tonnes produced in past year, said, the Indian Sugar Mills Association (ISMA). Compared with 170 mills that were crushing sugarcane in April last year, This year it was increased up to 305 mills for…
