Agriculture Current Affair 7 March 2022

India’s sugar exports estimate revised upward to 7.5 MT for this year: ISMA

India’s sugar exports are estimated to increase 15.38 per cent year-on-year to 7.5 million tonnes (MT) in the current marketing year 2021-22, on likely rise in demand for the Indian sweetener amid the possibility of a global deficit, industry body ISMA said on Friday. The country has physically exported 4.2 MT of sugar till February of the current marketing year, against the export contracts already undertaken for shipment of six million tonne, it said.

Sugar marketing year runs from October to September. India is the world’s second-largest sugar producer after Brazil.

According to the Indian Sugar Mills Association (ISMA), “India will export 7.5 million tonne sugar in the current season, as against six million tonne estimated earlier.”

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