NEW DELHI : The Ministry of Client Affairs, Meals and Public Distribution on Thursday stated {that a} file greater than 5,000 Lakh Metric Tons (LMT) sugarcane was produced through the 2021-22 sugar season.
“Of the 5,000 LMT produced, 3574 LMT of sugarcane was crushed by sugar mills to provide 394 LMT of sugar (Sucrose) out of which 36 LMT sugar was diverted to ethanol manufacturing and 359 LMT sugar was produced by sugar mills,” the ministry added.
India emerged because the world’s largest producer and shopper of sugar in addition to world’s 2nd largest exporter after Brazil in sugar season (Oct-Sep) 2021-22.
“With a view to stop money loss to sugar mills prompted as a consequence of subdued sugar costs, Authorities of India in June, 2018 launched the idea of Minimal Promoting Worth (MSP) of sugar & mounted MSP of sugar at Rs. 29/ kg which was revised to Rs. 31/ kg w.e.f 14.02.2019,” the ministry stated.
Well timed intervention of the Central Authorities since final 5 years is essential in constructing the sugar sector step-by-step from taking them out of monetary misery in 2018-19 to the stage of self-sufficiency in 2021-22.
“`Through the sugar season 2021-22, sugar mills procured sugarcane price greater than Rs. 1.18 lakh crore and launched cost of greater than Rs. 1.15 lakh crore for the season with no monetary help (subsidy) from Authorities of India. Cane dues for sugar season 2021-22 are lower than Rs. 2,300 crores indicating that 98% of cane dues are already been cleared,” the ministry added.
As a long-term measure to allow sugar sector to develop as self-sufficient, the central authorities is encouraging sugar mills to divert sugar to ethanol and likewise to export surplus sugar in order that sugar mills could make cost of cane dues to farmers in time and mills can have higher monetary situations to proceed their operations.
“With success in each the measures, sugar sector is now self-sufficient with no subsidy for the sector since SS 2021-22,” the ministry stated.
Progress of ethanol as biofuel sector in final 5 years has amply supported the sugar sector as diversion of sugar to ethanol has led to higher monetary positions of sugar mills as a consequence of quicker funds, decreased working capital necessities and fewer blockage of funds as a consequence of much less surplus sugar with mills.
“Throughout 2021-22, income of greater than Rs. 20,000 crores have been made by sugar mills/distilleries from sale of ethanol which has additionally performed its function in early clearance of cane dues of farmers,” the ministry added.
Ethanol manufacturing capability of molasses/sugar-based distilleries has elevated to 683 crore liters each year and the progress continues to be persevering with to satisfy targets of 20% mixing by 2025 underneath Ethanol Mixing with Petrol (EBP) Programme.
One other spotlight of the season is the best exports of about 110 LMT with no monetary help, which was being prolonged as much as 2020-21.
“These exports earned overseas foreign money of about Rs. 40,000 crores for the nation. Within the present sugar season 2022-23, about 60 LMT export quota is allotted to all sugar mills, out of which about 30 LMT is lifted from sugar mills for export until 18.01.2023,” the ministry stated.
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Supply: Live Mint