The country’s sugar production is estimated to have increased by 5.64 per cent to 18.70 million tonnes during the October-January period of the ongoing marketing year 2021-22 from over the year-ago period, industry body ISMA said on Thursday.
Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September), it said.
According to the Indian Sugar Mills Association (ISMA), sugar production in Uttar Pradesh (the country’s top sugar producing state) remained lower at 5.03 million tonnes during the October-January period of this marketing year, compared with 5.44 million tonnes in the year-ago period.
However, sugar production in Maharashtra, the country’s second-largest producing state, rose to 7.29 million tonnes from 6.38 million tonnes. That of Karnataka, the country’s third-largest producing state, rose to 3.87 million tonnes from 3.45 million tonnes in the said period.
Sugar production reached 5,75,000 tonnes in Gujarat and 2,88,000 tonnes in Tamil Nadu till January of the ongoing marketing year. The remaining states collectively produced 1.64 million tonnes in the said period, ISMA said in a statement.
The industry body hailed an increase in the revised budgetary allocation for the current fiscal to Rs 6,844 crore from Rs 4,337 crore in earlier Budget Estimates for the sugar industry, saying that this is positive towards clearing cane payment.
ISMA also said the increase in Budget allocation for the next fiscal at Rs 300 crore (for extending financial assistance to sugar mills for enhancement and augmentation of ethanol capacity) will boost supplies for ethanol blending and reduce the country’s oil import bills.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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The country’s sugar production is estimated to have increased by 5.64 per cent to 18.70 million tonnes during the October-January period of the ongoing marketing year 2021-22 from over the year-ago period, industry body ISMA said on Thursday. Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September), it said. According to the Indian Sugar Mills Association (ISMA), sugar production in Uttar Pradesh (the country’s top sugar producing state) remained lower at 5.03 million tonnes during the October-January period of this marketing year, compared with 5.44 million tonnes in the year-ago period. However, sugar production in Maharashtra, the country’s second-largest producing state, rose to 7.29 million tonnes from 6.38 million tonnes. That of Karnataka, the country’s third-largest producing state, rose to 3.87 million tonnes from 3.45 million tonnes in the said period. Sugar production reached 5,75,000 tonnes in Gujarat and 2,88,000 tonnes in Tamil Nadu till January of the ongoing marketing year. The remaining states collectively produced 1.64 million tonnes in the said period, ISMA said in a statement. The industry body hailed an increase in the revised budgetary allocation for the current fiscal to Rs 6,844 crore from Rs 4,337 crore in earlier Budget Estimates for the sugar industry, saying that this is positive towards clearing cane payment. ISMA also said the increase in Budget allocation for the next fiscal at Rs 300 crore (for extending financial assistance to sugar mills for enhancement and augmentation of ethanol capacity) will boost supplies for ethanol blending and reduce the country’s oil import bills.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard. Digital Editor