India’s Record Sugar Exports in 2021-2022 Earn Rs 40,000 Crore in Foreign Exchange


India’s record sugar exports in 2021-2022 earn Rs 40,000 in foreign exchange

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India produced a record 5,000 Lakh Metric Tons (LMT) of sugarcane between October 2021 and September 2022, becoming the world’s largest producer of this commodity. During the period, the mills purchased sugarcane worth more than Rs 1.18 lakh crore and made payments worth more than Rs 1.12 lakh crore without any government subsidy.

The Ministry of Consumer Affairs, Food and Public Distribution said that “cane duties at the end of the sugar season are less than Rs 6,000 crore, indicating that 95% of cane duties have already been paid. erased. It should also be noted that for SS (Sugar Season) 2020-21, more than 99.9% of cane duties are cleared”.

Of the total production during the period, approximately 3574 LMT was ground by sugar mills to produce approximately 394 LMT of sugar (sucrose). Of this total, 35 LMT sugars were diverted to ethanol production and 359 LMT sugars were produced by sugar mills.

During the season, Indian growers exported a record 109.8 LMT of the commodity. Favorable international prices and government-led policy measures have helped the sugar industry achieve the feat, the ministry added. These exports brought in Rs 40,000 crores of foreign currency to the country.

The season turned out to be a breakthrough season for the Indian sugar sector. All records of cane production, sugar production, sugar exports, cane purchased, cane duties paid and ethanol production were made during the season.

The government has also encouraged mills to divert sugar to ethanol production and export excess production so that mills can pay sugar cane duties to farmers on time.


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