Sugar exports jump nearly 4-fold to 17 lakh tons in Oct-Dec 21; production up 6 pc till Jan 15: ISMA
India's sugar exports during the October-December period jumped nearly four-fold to 17 lakh tonnes on higher demand from overseas, according to industry body ISMA.
So far, 38-40 lakh tonnes have been contracted by mills for exports. Mills are now waiting for global prices to improve for further contracts.
Sugar marketing year runs from October to September.
During the same period in the previous year, about 4.5 lakh tonnes of sugar were exported.
''Amid news of expectedly better upcoming season 2022-23 (April – March) in CS Brazil, the global price of raw sugar has fallen further and is currently reeling at an over 5-month low at around 18 cents/pound,'' ISMA said.
The Indian Sugar Mills Association (ISMA) said that the country has produced 151.41 lakh tonnes of sweetener between October 1, 2021 and January 15, 2022 period of the ongoing 2021-22 marketing year, as against 142.78 lakh tonnes in the corresponding period of the previous marketing year.
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