Sugar mills earn ₹35,000 cr sales by using sale of ethanol in 4 years

Sugar mills earn ₹35,000 cr sales by using sale of ethanol in 4 years

by admin- Thursday, December 9th, 2021 07:52:57 AM

ln the sugar season 2020-21, 22 lakh tonnes (lt) of sugar has been diverted to ethanol.
Sugar turbines in the usa earned a sales of round ₹35,000 crore via promoting ethanol to the oil advertising companies in the u . S . In the closing four sugar seasons.

This turned into informed with the aid of Sadhvi Niranjan Jyoti, Union Minister of State for Consumer Affairs, Food and Public Distribution, to the Lok Sabha on Wednesday.

In a written reply, the minister said that round ₹35,000 crore of revenue has been generated by sugar mills / distilleries from sale of ethanol to OMCs inside the past four sugar seasons of 2017-18, 2018-19, 2019-20 and 2020-21. This has helped in clearing cane rate arrears of farmers.

The Government is encouraging sugar turbines to export surplus sugar and to divert surplus sugarcane / sugar to ethanol so that you can liquidate surplus stock available with them, thereby improving liquidity of sugar generators enabling them to make well timed fee of cane dues of farmers, she stated.

Ln the sugar season 2020-21, round 22 lakh tonnes (lt) of sugar has been diverted to ethanol.

To facilitate export of sugar thereby enhancing liquidity of sugar turbines enabling them to clean cane fee arrears of farmers, the Central authorities has prolonged help to sugar mills in sugar seasons 2015-sixteen, 2017-18, 2018-19, 2019-20 and 2020-21.

Stating that an quantity of approximately ₹12,900 crore has been released to numerous sugar mills because of assistance to facilitate export of sugar considering the fact that sugar season 2015-16, the Minister stated around 16.5 lt, 6.2 lt, 38 lt, fifty nine.60 lt and 70 lt have been exported in sugar seasons 2015-sixteen, 2017- 18, 2018-19, 2019-20 and 202-21, respectively.

International sugar costs
Due to worldwide deficit of sugar, prices of sugar in the global market are actually stable due to which export of sugar is currently possible even with out extending assistance. Contracts of about 30 lt for export of sugar have already been signed in modern-day sugar season 2021-22.

To facilitate export surplus sugar from united states of america, custom obligations on export of sugar has been decreased to 0 with the aid of the Central government, she said.

Against the anticipated home consumption of 270 lt, sugar production within the current sugar season is estimated at 308 lt after discounting diversion of 35 lt of sugar to ethanol, the Minister said.

To a query on whether most of the cooperative sugar factories are strolling into losses inside the u . S ., she said the statistics concerning economic circumstance of any sugar manufacturing facility (cooperative / non-public / public mission) isn’t maintained through the Department of Food and Public Distribution.

“However, on the way to improve the liquidity function of sugar mills, which includes cooperative sugar generators of the united states, the Government has been taking numerous interventions every now and then,” she brought.

News Updates