PTI

New Delhi, April 19

The nation’s sugar manufacturing is projected to rise by 13 per cent to 35 million tonne, whereas exports are more likely to be 9.5 million tonne within the ongoing advertising 12 months ending September 2022, in accordance with the Food Ministry.

About 99.5 per cent of cane dues amounting to Rs 92,480 crore of the earlier 12 months have been cleared, and about 80 per cent of cane dues of the present 12 months have additionally been paid to farmers, it mentioned.

The evaluation of the sugar availability and export state of affairs was mentioned in a digital assembly chaired by Food Secretary Sudhansu Pandey with the state cane commissioners right here on Tuesday, the ministry added.

As per the revised estimates, the ministry mentioned sugar output of 35 million tonne has been estimated for the continuing 2021-22 advertising 12 months after discounting 3.5 million tonne of sugar for ethanol.

The manufacturing, nonetheless, is larger than the estimated home consumption of about 27.8 million tonne, it mentioned in a press release.

There was a carry-over inventory of about 8.5 million tonne in the beginning of the 2021-22 advertising 12 months.

According to the ministry, the supply of sugar within the nation is adequate to fulfill home necessities.

“As such, there will be smooth availability of sugar and sugar prices in the domestic market are expected to remain stable at reasonable levels,” it mentioned.

In the present advertising 12 months, sugar exports are more likely to be 9.5 million tonne. After exports, there could be a closing inventory of over 6 million tonne on the finish of September 2022, it mentioned.

In the continuing 2021-22 advertising 12 months, the ministry mentioned out of whole cane dues payable of Rs 91,468 crores, about Rs 74,149 crores have been paid to farmers as of April 18 this 12 months.

“It is expected that in the current sugar season, cane price payment of more than Rs 1,00,000 crores would be made by sugar mills to farmers. Increase in export and diversion of sugarcane to ethanol has expedited cane price payments to farmers,” it added.

Further, the ministry mentioned the federal government is encouraging sugar mills to divert extra sugarcane for ethanol mixing with petrol, which not solely serves as a inexperienced gas but in addition saves international alternate on account of crude oil import.

There has been a rise within the diversion of sugar for ethanol making within the final three years. About 3,37,000 tonne of sugar was diverted for ethanol in 2018-19, 9,26,000 tonne in 2019-20 and 22,00,000 tonne in 2020-21.

In the present advertising 12 months, about 35,00,000 tonne of sugar is estimated to be diverted for ethanol making, it mentioned, including that by 2024-25, about 60,00,000 tonne of sugar is estimated to be diverted for ethanol that will tackle the issue of extra sugarcane in addition to delayed cost challenge to farmers.

From the sale of ethanol to grease advertising firms, sugar mills have generated about Rs 53,000 crore in income between 2013-14 and 2020-21. In the present 2021-22 12 months, greater than Rs 18,000 crore income is predicted to be generated.

India is the world’s second-largest sugar producer after Brazil.