Sugar export may decline 28.57% to 8 million tonnes in next season: Official

New Delhi

The country’s sugar exports are likely to decline by 28.57% at about 8 million tonnes in the 2022-23 season on expected lower opening balance stock and higher diversion for ethanol, according to a senior food ministry official.

However, whether to permit export under an open general licence or the prevailing quota system will be decided after assessing the price situation once the sugarcane crushing operation begins, the official said.

Sugar season starts from October to September. The cane crushing season generally starts in October-November and continues till mid-April.

Sugar exports are estimated to be at 11.2 million tonne in the current season.

“Overall sugar output is expected to be good, but exports will be lower next season,” the official told PTI.

The sugar supply is seen to be lower with an opening balance of 6 million tonnes in the next season. There is also a possibility of higher diversion of cane for ethanol, he said.

In the past few years, the country had an opening balance of sugar between 8 and 10 million tonnes, but it is expected to be 6 million tonnes in the 2022-23 season.