The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, which is about 5 times the current cumulative installations
India's sugar production hiked by 6% from Oct 1 to Feb 15 in 2021-22 marketing year at 220.91 lakh tonnes on higher sugarcane production while exports jumped till Jan at 31.5 lakh tonnes, says ISMA.
This will be a big jump from 8.1 per cent blending seen in last season
Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September)
Indian sugar mills are still waiting for global sugar prices to rise to enter into further export deals, industry body ISMA said on Monday.
India, the world's second largest sugar producer, can export 6 million tonne of the sweetener in the 2021-22 season commencing next month, taking advantage of the firm global market, ISMA said
Says though FRP has been raised several times the past few years, MSP has not been hiked the past 30 months
The record drop in stocks has largely been due to bumper exports of seven million tones and diversion of 2.1 million tones of sugar towards ethanol
India could start 2021/22 marketing year on Oct. 1 with carry forward stock of 8.7 million tonnes, down from 10.7 million tonnes a year ago, said Indian Sugar Mills Association
Indian Sugar Mills Association is an industry body
With improved production of sugarcane, India's ethanol production capacity may increase to over 375-400 crore litres, said the Indian Sugar Mills Association of India
There is likely 1% fall in sugarcane area to 22.92 lakh hectares this year
With the malls and restaurants being allowed to open under unlock 1.0, the sugar demand will further rise.
In this backdrop, the sugar mills are now pinning hopes on the prospective shipments to Indonesia to make up for the accumulating losses
Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year
The industry's closing stock as at the end of September seen at 10 million tonnes
Lack of ethanol production capacity is the main hurdle in achieving the target. Brazil, the world's leading sugar producer, is a pioneer in ethanol blending with petrol and achieved more than 25%
All India Sugar Trade Association sees sugar output falling to 27 million tonnes; This is higher than ISMA's estimate of 26 million tonnes for 2019-20
Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India, the industry body added
According to the ISMA, 406 sugar mills were crushing sugarcane as on December 15, as against 473 mills on the year-ago same day.