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ai powered cloud services ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!The government is not favour of allowing surplus sugar exports at present despite a projection of around one million tonne sugar in the current 2024-25 sugar season (October-September), Sanjeev Chopra, secretary, department of food and public distribution on Thursday said“We will take the decision to allow sugar exports in due course in the current season as the first priority is to ensure adequate supplies for domestic consumption and then ensuring supplies for ethanol production,” Chopra said at the sideline of annual general body meeting of Indian Sugar and Bio-Energy Manufacturers Association (ISMA).According to the food ministry projection, the sugar production is estimated for 2024-25 sugar season to be around 32 MT while domestic consumption would be 27 MT. The government has allotted 4 MT of sugar to be diverted to ethanol manufacturing.Opening stock of sugar on October 1, 2024 was 7.9 MT according to food ministry.
For 2023-24, sugar production is estimated at 32 MT,Indiaexported 6 MT of sugar in the 2022-23 season and since then the government has not allocated any quota for sugar export.
Food ministry has earlier ruled out providing any quote for sugar export in the current season as they are closely watching the supply situation as crushing of sugarcane has commenced.ISMA had urged the government to allow around 2 MT of sugar exports in the current sugar season so that mills don’t have to incur the carrying cost of surplus sweetener due to expectation of better harvest and comfortable opening stocks.On the sluggish lifting of rice for grain-based distilleries for ethanol manufacturing, Chopra said that prices were not viable.
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