Sugar output in 2022-23 might dip barely 355 lakh tonnes: ISMA
India’s sugar manufacturing might fall barely to 355 lakh tonnes within the 2022-23 advertising yr beginning October, on account of diversion of sugarcane in the direction of ethanol manufacturing, in keeping with business information.
Indian Sugar Mills Association (ISMA) on Friday launched the preliminary estimates for sugar manufacturing for 2022-23 advertising yr (October-September).
As per the ISMA, the sugar manufacturing in 2022-23 is estimated at 355 lakh tonnes as towards 360 lakh tonnes within the present advertising yr ending September.
Net sugar manufacturing earlier than contemplating diversion in the direction of ethanol is estimated to be increased at 399.97 lakh tonnes in 2022-23 as towards 394 lakh tonnes within the present 2021-22 advertising yr.
ISMA estimates that the diversion of cane juice and B-molasses to ethanol will scale back sugar manufacturing by about 45 lakh tonnes within the subsequent advertising yr.
In the present 2021-22 advertising yr, about 34 lakh tonnes diversion has been estimated.
The annual home demand is seen at round 275 lakh tonnes within the 2022-23, which is able to depart a surplus of about 80 lakh tonnes for exports.
In May, the Centre capped sugar exports at 10 million tonnes within the present 2021-22 advertising yr to keep up the home availability and worth stability.
ISMA mentioned that estimates have been made assuming regular rainfall and different optimum circumstances in the course of the remaining interval.
Based on the satellite tv for pc pictures procured within the latter a part of June 2022, ISMA mentioned that the entire acreage underneath sugarcane is estimated to be increased by 4 per cent to 58.28 lakh hectares in 2022-23.
In the present ethanol provide yr (December-November), ISMA mentioned that until July 10, complete contracted amount of ethanol stood at 444.42 crore litres and out of this, 362.16 crore litres have been provided from sugar business.
Out of 362.16 crore litres, ethanol manufactured from sugarcane juice and B-Heavy Molasses (BHM) stands at 349.49 crore litres (79.33 crore litres from sugarcane juice and 270.16 crore litres from BHM), which interprets into diversion of about 34 lakh tonnes of sugar into ethanol.
ISMA mentioned throughout 2022-23, “since the target of 12 per cent blending is expected to be achieved, a total of about 545 crore litres of ethanol would be required and supplied”.
