Indian Sugar Production
According to the latest update by Indian Sugar Mills Association (ISMA) 504 sugar mills were in operation in the country as on 15th January 2022 and have produced 151.41 lac tons of sugar, as compared to 142.78 lac tons produced by 487 sugar mills as on 15th January’ 2021. This is 8.63 lac tons higher as compared to last season’s production for the corresponding period.
In Maharashtra, 192 sugar mills, which are in operation, have produced 58.84 lac tons till 15th January, 2022, as against 181 sugar mills which had produced 51.55 lac tons last year upto same period. This is 7.29 lac tons higher as compared to last season’s production for the corresponding period.
In Uttar Pradesh, 120 sugar mills have produced 40.17 lac tons till 15th January, 2022. In the last 2020-21 SS, similar number of sugar mills were in operation on 15th January, 2021 and they had produced 42.99 lac tons of sugar.
70 sugar mills in Karnataka are in operation, who have produced 33.20 lac tons of sugar as on 15th January,2022, as compared to 29.80 lac tons produced by 66 sugar mills in 2020-21 SS on 15th January, 2021.
In Gujarat, 15 sugar mills are operating for 2021-22 SS and they have produced 4.60 lac tons of sugar till 15th January, 2022. In 2020-21 SS, similar number of sugar mills were in operation on 15th January, 2021, who had produced 4.40 lac tons of sugar till that date.
In Tamil Nadu, 22 sugar mills are in operation as compared to 20 mills operated on 15th January last year. Sugar mills in Tamil Nadu have produced about 2.10 lac tons of sugar till 15th January, 2022 as against 1.23 lac tons produced last year on the corresponding date.
The remaining States of Andhra Pradesh & Telangana, Bihar, Uttarakhand, Punjab, Haryana and Madhya Pradesh & Chhattisgarh, Rajasthan, Odisha have collectively produced 12.50 lac tons of sugar till 15th January, 2022.
As is the practice, ISMA has procured the satellite images in 2nd week of January’ 2022. Based on the images of the cane area remaining to be harvested, trend of recovery, yield and drawal percentage of sugarcane achieved so far, ISMA will come out with its second advance estimates of sugar production for 2021-22 SS, by the end of January, 2022.
Indian Sugar Exports
As per market reports and port information about 17 lac tons of sugar have been physically exported during the period October to December’ 2021. Last year during the same period about 4.5 lac tons of sugar was exported. Further, it is reported that about 7 lac tons of sugar is in pipeline for export in the month of January, 2022.
Amid news of expectedly better upcoming season 2022-23 (April – March) in CS Brazil, global price of raw sugar have fallen further and is currently reeling at over 5-month low at around 18 cents/pound. Indian mills are still waiting for the opportune time and are in no hurry to enter into further export contracts beyond 38 – 40 lac tons which have already been signed so far.
