India exported 7.2 million tonnes of sugar in 2020-21

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India exported 7.2 million tonnes of sugar in 2020-21

Sugar exports peaked in 2020-21

During the marketing year 2020-21, India exported 7.23 million tonnes of sugar, ending September 30, 2021. Sugar sales last from October to September of the year.

Exports for 2020-21 were over 20 per cent higher than 5.9 million tonnes, which was exported during the 2019-20 marketing year. According to industry estimates, the increase in exports was mainly due to higher government demand and adequate financial support.

The Sugar Mills Association of India (ISMA) estimates that production will be stable in the new marketing season 2021-22.

According to the All India Sugar Trade Association (AISTA), about 6 million tonnes of sweets were exported with the help of government subsidy, while 7.85 lakh tonnes were exported without subsidy during the recently completed marketing year.

India, the world’s second-largest sugar producer after Brazil, exported a maximum of 1.82 million tonnes of goods to Indonesia.

The other three countries are Afghanistan, the United Arab Emirates and Somalia, which receive the most sugar from India, according to AISTA.

The association said that in the recently launched 2021-22 marketing year, about 15 lakh tonnes of export contracts have been signed so far.

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