Sugar exports from the country are expected to rise again as the coronavirus effect is relaxed

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Pune, Ta. 23 March 2020, Monday

Despite the coronavirus affecting global sugar prices, India's sugar exports from Indonesia will increase due to the increase in demand for sugar from Indonesia, told the Indian Sugar Mills Association (ISMA).

In the current sugar season, by March 1, sugar mills have dispatched one lakh tonnes of sugar for export, according to a list issued by ISMA. According to market sources, sugar mills have so far contracted to export 3 to 5 lakh tonnes of sugar.

The serious global situation that has arisen due to the coronavirus has affected the prices of sugar but the effect will be temporary, Isma said. Has arisen.

Considering this fact, India's sugar exports will soon increase, Isma claims. Sugar withdrawal from the mills has dropped in the last fifteen days due to coronavirus.

With the export sugar supply almost exhausted, the withdrawal from the mills is expected to resume shortly. With the drop in demand for sugar, prices can also be firm.

In the current sugar season, which started on October 1, 5 sugar mills were in operation and by March 8, the production of 2.5 lakh tonnes of sugar has been completed. Heavy rainfall in Kolhapur and Sangli in sugarcane cultivated areas in Maharashtra during last monsoon last year caused the loss of sugarcane crop which has affected the production of sugar in Maharashtra this year.

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