After a record sugar output, mills want the export ban to end.

  • Sugar mills are urging the central government to lift the ban on sugar exports and ease restrictions on ethanol production for the 2024-25 season. This measure aims to prevent a decline in sugar prices and ensure the commodity remains available in the market.
  • This request follows the production of 110 lakh tonnes of sugar by 207 mills in Maharashtra during the 2023-24 season, up from 105 lakh tonnes in the 2022-23 season. The crushing season, which began on November 1 last year, concluded on Thursday (May 16) in Maharashtra.
  • Although experts had predicted a 15 lakh tonne drop in sugar cane production for the 2022-23 season, untimely rains in the sugar cane belt from October to December led to increased production. The sugar recovery rate rose to 10.27% in the 2023-24 season from 9.98% in the 2022-23 season.
  • Mills crushed 1,073 lakh tonnes of sugar cane in the 2023-24 season, compared to 1,055 lakh tonnes in the 2022-23 season.
  • Industry leaders noted that the central government was concerned about a potential sugar production shortfall due to the export ban and ethanol production restrictions. Consequently, the government has set an ethanol blending target for the 2024-25 season to ensure adequate sugar supply in the market and maintain stable prices during the election period.

Sugar industry bets big on ethanol, expects dip of 20 lakh tonne in  production of sweetener in 2020-21 | India News - The Indian Express


Source: Times of India