Page 2 - Isma

Sugar production may see marginal fall in 2022-23 on extended rains

Industry players said the prime reason for a slight drop in output is due to the fact that the sugarcane crushing season started late

India enters into deal for export of 3.5 MT sugar so far in 2022-23: ISMA

India has entered into a contract for export of about 35 lakh tonnes of sugar so far in the ongoing 2022-23 season, out of which 2,00,000 tonnes have been shipped last month, industry body ISMA said on Thursday. The 2022-23 sugar export policy announced on November 5 allowed exports of 60 lakh tonnes of the sweetener on a quota-basis till May 31. Further quantities for export would be allowed after assessing the domestic production. Sugar season begins from October to September. According to Indian Sugar Mills Association (ISMA), "As per port information and market reports, about 35 lakh tonnes of contracts for export of sugar have already been entered into so far." Out of this, about 2,00,000 tonnes sugar have been physically exported out of the country in October, when compared to about 4,00,000 tonnes in the corresponding month last year, it said in a statement. ISMA noted several traders entered into export contracts for the 2022-23 season much before the export policy was ...

Govt terminates anti-dumping probe against China, Thailand and Vietnam

The commerce ministry has terminated an anti-dumping investigation into import of solar cells from China, Thailand and Vietnam following a request from the Indian Solar Manufacturers Association(ISMA). On May 15, 2021, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) initiated a probe into alleged dumping of "solar cells whether or not assembled into modules or panels" exported from the three nations, following a complaint by the association. "In view of the request made by the domestic industry, ISMA,...the authority hereby terminates the investigation initiated on May 15, 2021... against the imports of solar cells whether or not assembled into modules or panels exported by these countries," the DGTR said in a notification. Anti-dumping rules, 1995 provide for termination of a probe in certain situations which include withdrawal of application by the affected domestic industry at whose instance the investigation was initiated. The notification said th

ISMA hails sugar export policy, confident of govt nod for add'l 3 mn tons

Indian Sugar Mills Association (ISMA) on Monday welcomed the government's decision to allow export of 6 million tonnes of sugar till May 31, of the 2022-23 season and expressed confidence of getting export nod for additional 3 million tonnes. While the industry had requested the government to allow exports of 9 million tonnes of sugar, the Food Ministry on November 5, permitted only 6 million tonnes on a quota basis till May 31 of the 2022-23 season (October-September). The government has said it could reconsider further quantities after assessing the domestic production. "Sugar industry is confident that the government will allow sugar exports of additional 3 million tonnes," ISMA said in a statement. This would ensure steady domestic prices, enabling timely cane price payment to farmers and lower inventory levels ensuring there are no additional costs incurred by mills, it added. ISMA hailed the government's sugar export policy and said the tradable quota scheme will ensure ...

Centre extends ban on sugar exports; opens door for shipments under quotas

The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market. Earlier, the restrictions were imposed till October 31 this year. "Restriction on export of sugar (raw, refined, and white sugar) is extended beyond October 31, 2022 till October 31, 2023, or until further orders, whichever is earlier. Other conditions will remain unchanged," the Directorate General of Foreign Trade (DGFT) said in a notification dated October 28. However, it said these restrictions will not be applicable on sugar being exported to the EU and the US under CXL and TRQ duty concession quotas. A specified amount of sugar is exported to these regions under CXL and TRQ (tariff rate quota). India has been the highest producer and the second largest exporter of sugar in the world in the current year.

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

Govt to announce 2022/23 sugar export quota 'very soon': Food Secretary

He did not disclose the quantity of sugar exports that will be allowed for the 2022-23 marketing year (October-September).

ISMA demands permission to export 8 MT of sugar in 2022-23 marketing year

Sugar industry body ISMA has demanded that the government should allow exports of 80 lakh tonnes of sweetener in the 2022-23 marketing year starting October in view of surplus production. Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala has written a letter to food and consumer affairs minister Piyush Goyal in this regard. In the current 2021-22 marketing year ending September, the government has allowed sugar exports of 112 lakh tonnes and mills are likely to ship the entire quantities. In May, the government had imposed restrictions on export of sugar beyond 100 lakh tonnes, but later allowed another 12 lakh tonnes of shipments, taking the total to 112 lakh tonnes for 2021-22. Sugar marketing year or season runs from October to September. "We would like to request the government to allow 80 lakh tonnes of exports for 2022-23 SS (Sugar Season) ...," the ISMA President said in the letter. As per preliminary estimate, Jhunjhunwala said the net sugar production,

Sonjoy Mohonty replaces Abinash Verma as new ISMA Director General

35 years' experience in oil & gas, micro banking and other sectors; IIM alumnus to assume office on Sept 15

Centre likely to allow 1.2 MT additional sugar exports this season

Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT

Sugar output may fall; still there'll be 8 mt surplus for exports: ISMA

ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.

India's sugar output in 2022-23 may dip slightly to 35.5 mn tonnes: ISMA

As per ISMA, sugar production in 2022-23 is estimated at 355 lakh tons as against 360 lakh tons in current marketing year ending September due to diversion of sugarcane towards ethanol manufacturing

Plenty of gaps in food inflation control measures, complain industry bodies

They say some measures have spawned malpractices on the part of exporters, others have been partial to a certain section of traders

ISMA seeks 1 mt of additional sugar exports in 2021-22 season

Cites production increase to 36 million tonnes from 35 million tonnes last season

Sugar mills question export quota allotment; Centre says it's transparent

ISMA ups 2021-22 sugar production estimate to a record 36 million tonnes

Indian sugar exports at 7 million tons YTD, may touch 9 million tons: ISMA

Indian Sugar Mills Association (ISMA), in a statement, said the country's sugar output has risen to 34.23 mn tonnes till April of the current marketing year, from 30 million tonnes in year-ago period

Sugar exports likely to jump to 9 million tonnes in 2021-22: ISMA

The sugar marketing year runs from October to September.

India's sugar export may touch 85 lakh tonne this year, says ISMA

Maharashtra, Uttar Pradesh and Karnataka are the top three sugar producing states in the country

Sugar exports jump over 2.5-fold to 4.7 mn tonnes in Oct 21-Feb 22: ISMA

Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market

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

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: ISMA