Categories: Economy

India’s sugar production clocks 20% jump

<p>
India’s sugar production went up by 20% to 23.38 million tonnes in the first five months of the 2020-21 marketing year over the same period of the previous year, according to the Indian Sugar Mills Association (ISMA).</p>
<p>
The country is the world’s second biggest sugar producer in the world and a major exporter. </p>
<p>
Mills have contracted to export 3.2 million tonnes of sugar so far in the current marketing year, but shipments have slowed due to a shortage of trucks and containers, the trade body said.</p>
<p>
In the current marketing year that began on 1st October, 502 sugar mills had started operations, but 98 mills stopped crushing by February end, ISMA said in a statement. Last year 70 mills had stopped production at this point.</p>
<p>
“Considering that the world wants Indian sugar, and the fact that sugar production is lower in countries such as Thailand and EU, India producers were looking at exporting six million tonnes of sugar this season.</p>
<p>
However, because of the logistics bottleneck the figure may come down by 10 to 15%.</p>

IN Bureau

Recent Posts

How a UN agency puts unfiltered Hamas propaganda on the record?

A little-known United Nations agency is republishing reports about Gaza's humanitarian situation based on unfiltered…

36 mins ago

EAM Jaishankar, UK NSA Barrow review progress in bilateral ties

External Affairs Minister S Jaishankar held a meeting with UK National Security Adviser Tim Barrow…

3 hours ago

First batch of Haj pilgrims from Srinagar depart for Saudi Arabia

The first batch of pilgrims from Srinagar departed for Medina in Saudi Arabia on Thursday…

3 hours ago

J-K: Indian Army concludes operation in Kulgam; eliminates 3 terrorists

The Indian Army has concluded "Operation Redwani Payeen," eliminating three terrorists after a vigil of…

4 hours ago

India sets record with over USD 111 bn in remittances in 2022: UN report

India has achieved a historic milestone, receiving over USD 111 billion in remittances in 2022,…

4 hours ago

Russia backs India, questions US lack of evidence implicating India in Pannun case

Rubbishing the allegations by the US on India for a foiled assassination plot against pro-Khalistan…

7 hours ago