ISMA urges government to allow export of 80 lakh tonnes of sugar in 2022-23 season

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New Delhi: Expecting surplus production, the Indian Sugar Mills Association (ISMA) has urged the government to allow the export of 80 lakh tonnes of sugar in the upcoming 2022-23 season.

ISMA president Aditya Jhunjhunwala has written a letter to food and consumer affairs minister Piyush Goyal urging him to allow them to export 80 lakh tonnes of sugar for the 2022-23 sugar season.

The government had restricted the export of sugar to 100 lakh tonnes in the current 2021-22 season but later allowed shipment of 12 lakh tonnes taking total sugar export to 112 lakh tonnes.

Jhunjhunwala said, “As per preliminary estimate the net sugar production, without considering the diversion of sugar for production of ethanol, is expected to increase to about 400 lakh tonnes in 2022-23 season from 394 lakh tonnes in the current season.”

“The sugar diverted for ethanol production will also be increased to 45 lakh tonnes in 2022-23 as against 34 lakh tonnes in 2021-22 which indicates that the actual sugar production in 2022-23 will be 355 lakh tonnes,” ISMA president further added.

“The domestic sugar consumption is around 275 lakh tonnes and to maintain the optimum balance of sugar stocks we should export at least 80 lakh tonnes of surplus sugar,” said Jhunjhunwala.

He said, “We would like to request the government to allow 80 lakh tonnes of exports for 2022-23 SS (Sugar Season).”

 

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