Saturday, December 14, 2024
HomeSustainability and Environmental ImpactSustainabilityIndia's sugar output could fall to 32.8mn tonnes

India’s sugar output could fall to 32.8mn tonnes

MUMBAI: India is likely to produce 32.8 million tonnes of sugar in the 2022-2023 marketing year, down 3.5% from the previous forecast, as sugar cane yields in major producing states fell due to erratic weather conditions, a leading trade body said on Wednesday.

Lower sugar output could limit exports from the world’s second-biggest exporter, lifting global prices and allowing rivals Brazil and Thailand to boost their shipments. “Rainfall was erratic.

Sugar cane crop didn’t get ample rainfall during the growth phase and got too much when it wasn’t required,“ said Aditya Jhunjhunwala, president of the Indian Sugar Mills Association (ISMA).

The trade body in January was expecting India to produce 34 million tonnes in the current season ending on Sept. 30, after harvesting a record 35.8 million tonnes in the previous season.

The ISMA was expecting output of 36.5 million tonnes at the start of the season in October 2022. Reuters was the first to report in December on the likely drop in production.

Weather trimmed the production of top producer Maharashtra state to 10.5 million tonnes from 13.7 million tonnes a year ago, he said.

This reduction is not providing space for additional exports from the country, Jhunjhunwala said.

India allowed mills to export only 6.1 million tonnes of sugar in the 2022-2023 season, but Prime Minister Narendra Modi’s administration was expected to allow a second tranche of shipments. India exported a record 11.2 million tonnes of sugar in the previous 2021-2022 season.

The country mainly exports sugar to Indonesia, Bangladesh, Malaysia, Sudan, Somalia and United Arab Emirates.

Sugar retail price goes up by Rs20/kg in a month

Despite the drop in sugar production, there is ample supplies in the country to fulfil local consumption of 27.5 million tonnes, Jhunjhunwala said.

The country could start the 2022-2023 marketing year on Oct. 1 with carry-forward stocks of 6.2 million tonnes, down from the current season’s 7 million tonnes, he added.
The above news was originally posted on news.google.com

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