India's record sugar exports during 2021-2022 bring in Rs 40,000 crore worth of foreign exchange

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• Oct 5, 2022 | Dhupali Das

Indian farmers exported a record 109.8 LMT of goods during the season...

Digital Desk: India produced a record 5000 lakh metric tonnes (LMT) of sugarcane between October 2021 and September 2022, emerging as the world’s largest producer of the commodity. Without receiving government subsidies, sugar mills acquired sugarcane worth more than Rs 1.18 lakh crore and released payments worth more than Rs 1.12 lakh crore throughout the time period.

The Ministry of Consumer Affairs, Food & Public Distribution said "cane dues at the end of sugar season are less than Rs 6,000 crore, indicating that 95% of cane dues have already been cleared. It is also worth noting that for the SS (Sugar Season) 2020–21, more than 99.9% of cane dues have been paid."

About 3574 LMT of the total production during the time period was crushed by sugar mills, yielding 394 LMT of sugar (sucrose). Out of this, 35 LMT of sugar was diverted to ethanol production, and 359 LMT of sugar was produced by sugar mills.

"During the season, Indian producers exported a record 109.8 LMT of the commodity. Favourable international prices and government policy measures led helped the sugar industry achieve the feat," added the Ministry. These exports brought in foreign money around Rs 40,000 crores for the nation.

Indian farmers exported a record 109.8 LMT of goods during the season. According to the Ministry, favourable international prices and government policy actions contributed to the success of the sugar business. These exports brought in foreign money around Rs 40,000 crores for the nation.

The season has proven to be a turning point for the Indian sugar industry. All records of sugarcane production, sugar production, sugar exports, cane procured, cane dues paid and ethanol production were made during the season.

The government has also encouraged sugar mills to divert sugar toward ethanol production and export surplus products so that sugar mills can pay cane dues to farmers on schedule.