Sugar exports 15 times higher in 2021-22: Govt

May 19, 2022

India exported sugar from India to countries like Indonesia and Sri Lanka, Bangladesh, UAE and Malaysia, as well as other African countries.

According to the government, in2020-21 sugar season, with a target of 60 LMT, has seen exports of around 70 LMT. Sugar mills received Rs 14,456 crore. inThe past five years have been used to facilitate sugar export and Rs. 2,000 crore has been used as a carrying cost for buffer stock. Since then, sugar has been at an international price. inExport contracts of around 90 LMT are in an uptrend and stable. inCurrent sugar season 2021-22, and that too without any announcement of any export subsidies. 75 LMT were exported to May 18.

It stated that it encourages sugar mills to convert excess sugarcane into ethanol. The government set a goal of blending fuel grade ethanol with petrol at 10% by 2022, and 20% by 2025 to increase agricultural economy.

The ethanol distillation capacity for molasses-based distilleries was just 215 crirelitres in 2014 However, inThe government’s policy changes have resulted in a rise in the capacity of molasses distilleries to 569 million litres over the past eight years. Capacity of grain-based distilleries, which was 206 million litres in2014 saw a rise to 298 million litres. The total ethanol production capacity has increased from 421 crore to 867 crore. inOnly 8 years.

The supply of ethanol to OMCs was only 38 million litres at a blend level of 1.53 per cent. in2013-14 ethanol supply year (ESY). Production of fuel-grade ethanol and its supply for OMCs has increased 8 timesFrom 2013-14 to 2015-21

In 2020-21 (December-November), approximately 302.30 Cr litres of ethanol were supplied to OMCs. This allowed them to achieve 8.1% blending levels.

In the current ESY2021-22, approximately 186 crore litres of ethanol were blended with petrol up to May 8, thereby achieving 9.90% blending. It is expected that a 10% blending target will be reached.

Disclaimer: This story was created automatically by a computer program.Publisher : IANS-Media