Sugar mills exported 3,068 million tonne sugar till January of the ongoing 2021-22 marketing year that started from October 1, trade body AISTA said on Monday. About 0,632 million tonne sugar is in transit, All India Sugar Trade Association (AISTA) said in a statement.
Mills have contracted to export 4,6 million tonne sugar without the government subsidy so far in the 2021-22 marketing year, it added. Sugar marketing year runs from October to September.
Sugar exports this year are being undertaken without the government subsidy.
According to AISTA, mills exported total 30,68,697 tonne sugar from October 2021 to January this year.
“Indian sugar mills continue to get the premium on their sugar and have sold in the range of 19.5 to 20 cents per pound equivalent,” it said.
Mills in Maharashtra and Karnataka have sold raw sugar at $ 0,41-0,43 per kg, it added.
The trade body also mentioned that the international sugar prices are hovering around 18.25 cents per pound.
The market trends should depend upon the sugar production estimates and weather conditions in the coming months in Brazil as well as Brazilian gasoline policy, it added.
Expressing concern over shortage of rail wagons for sugar transportation for export purpose, AISTA said mills in Maharashtra and Karnataka continue to face the problem of railway wagons as sugar for export is mainly getting lifted from these states only.
During the 2020-21 marketing year, the country had exported a record 7,23 million tonne sugar. The maximum shipments were undertaken with the help of government subsidy.
Source: economic times
For more information, facts and figures, become a member. Click here.
The following reports may be of interest to you:
Author
Related posts:
Around 277 percent increase in Sugar Export in India in 2021-22 
Larger deficit seen in global sugar supply as India boosts ethanol 
Indian sugar enters Egyptian market to fill Brazil’s void 
India prime candidate to meet rising global demand for sugar, says Marex Spectron MD 
Sugar Exports of India Seen at record 7 Million Tonnes despite Covid Setbacks About 6,67 Million tonnes shipped in the first 11 months Does Südzucker withdraw from sugar production? 
Indian sugar production: Rise or drop?