According to the news report published by CNBC-TV18, Indian Sugar Mills Association (ISMA) Director General Abinash Verma said ISMA is expecting sugar mills to export around 7 million tonnes of sugar by the end of September.
As per ISMA, with an opening balance of about 107 lakh tonnes, as on 1st Oct. 2020, estimated sugar production for the current season 2020-21 of around 309 lakh tonnes, expected domestic sales of around 260 lakh tonnes and exports of around 70 lakh tonnes during the season, the opening stocks as on 1st October, 2021, is estimated to be around 87 lakh tonnes. The opening balance of about 87 lakh tons on 1st Oct. 2021, will be about 20 lakh tonnes less than the opening stock as on 1st Oct 2020.
In a recently released report, ISMA said, “In the upcoming season 2021-22, the target of 10 per cent blending is expected to be achieved. It is estimated that the diversion of cane juice and B-molasses to ethanol will reduce sugar production by about 34 lakh tonnes in next season, as compared to about 21 lakh tonnes estimated to be diverted this year.”
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