Mills have signed contracts to export 7 mt of sugar: Centre

From the export focus on of 6 million tonnes (mt), sugar mills have entered into contracts for about 7 mt in the recent sugar time and in excess of 6 mt of sugar have presently been exported, an official assertion stated on Thursday.

“Some sugar mills have also signed ahead contracts for exports in ensuing sugar time commencing October. Export of sugar has assisted in sustaining demand-provide balance and stabilising domestic ex-mill selling prices of sugar,” the assertion stated.

In accordance to the assertion, issued by the Ministry of Purchaser Affairs, Meals and General public Distribution, sugar mills bought sugarcane really worth ₹91,000 crore in the recent time ending September.

“In the recent sugar time, sugarcane really worth a file ₹90,872 crore has been bought by sugar mills and about ₹81,963 crore cane dues have been paid out to farmers. Only ₹8,909 crore cane arrears are pending as on August sixteen. Raise in export and diversion of sugarcane to ethanol has expedited cane rate payments to farmers, the assertion stated.

Long lasting option

In comparison, sugar mills bought sugarcane really worth ₹75,845 crore in the past time.

To obtain a everlasting option to offer with the dilemma of surplus sugar, the government is encouraging sugar mills to divert surplus sugarcane to ethanol which is blended with petrol. This not only serves as a eco-friendly fuel but also saves overseas trade on account of crude oil import.

The earnings created from sale of ethanol by mills also allows sugar mills in clearing cane rate dues to farmers. In 2018-19 and 2019-twenty seasons, about 3.37 lakh tonnes (lt) and nine.26 lt of sugar, respectively, were being diverted to ethanol.

In the recent sugar time, in excess of twenty lt is possible to be diverted. In the ensuing sugar time, about 35 lt of sugar is approximated to be diverted, the assertion stated, including that this could go up sixty lt by 2024-25.