Sunday, December 22, 2024
HomeSugar Industry NewsSugar production surplus in India since 2010-11: Govt

Sugar production surplus in India since 2010-11: Govt

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 facilitate export of surplus sugar, and thereby, improving 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 ande 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.

Till date, contracts of about 40 LMT have been signed for export of sugar in current sugar season and that too without 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Further, to facilitate export of surplus sugar from country, custom duty on export of sugar has been withdrawn by the Central government from March 20, 2018.

Due to surplus production of sugar in the country since sugar season 2017-18, the Central government has imposed 100 per cent custom duty on import of sugar under OGL to prevent imports and thereby to safeguard the interest of sugar cane farmers.

However, import of raw sugar is valid under Advance Authorisation Scheme (AAS) under which raw sugar is imported in the country and re-exported after refining it. Such quantity of sugar which is imported under AAS cannot be sold in domestic market and can be re-exported only, she said.

Giving out details of sugar imported in last five years, the Minister informed that in the financial year 2017-18, 23.91 LMT sugar was imported, in 2018-19, it was 14.98 LMT, in 2019-20, it was 11.15 LMT, and in 2020-21 (19.63 LMT). In 2021-22, up to November 30, 2021, it was 2.8 LMT.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper’s PDF on WhatsApp and other social media platforms.)

Published on: Thursday, February 03, 2022, 09:56 AM IST

The above news was originally posted on www.freepressjournal.in

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
RELATED ARTICLES
- Advertisment -spot_img

Most Popular

WP2Social Auto Publish Powered By : XYZScripts.com