India has surpassed the United States as the world's largest producer of sugar.

India has surpassed the United States as the world's largest producer and consumer of sugar, as well as the second largest exporter. Over 5,000 LMT of sugarcane was produced in India during the sugar season.

India has surpassed the United States as the world's largest producer of sugar.

India has surpassed the United States as the world's largest producer and consumer of sugar, as well as the second largest exporter. During the sugar season in India, over 5,000 lakh metric tonnes (LMT) of sugarcane were produced, of which approximately 3,574 LMT were crushed by Sugar Mills to produce approximately 349 LMT of sugar. Sugar mills produced 359 LMT of sugar, while 35 LMT was diverted to ethanol production.

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India has surpassed Brazil to become the world's second largest sugar exporter.

Sugar exports earned the country 40,000 crore in foreign currency.

FORTUNEINDIA.COM, October 6, 2022 3 minutes to read

India has surpassed Brazil to become the world's second largest sugar exporter.

Sugar mills purchased over 1.18 lakh crore sugar cane during the sugar season 2021-22.

Image courtesy of Fortune India

Domestic sugar exports reached a record 109.8 lakh metric tonnes (LMT) in fiscal year 2021-22, making India the world's largest producer, consumer, and exporter of sugar, the government announced on Wednesday. Sugar exports earned the country 40,000 crore in foreign currency. With this, India surpassed Brazil to become the world's second largest sugar exporter, trailing only Thailand.

During the sugar season 2021-22, a record amount of sugarcane was produced, with 3,574 LMT of sugarcane crushed by sugar mills to produce 394 LMT of sugar. 35 LMT sugar was diverted to ethanol production, while sugar mills produced 359 LMT sugar.

"The season has proven to be a watershed season for the Indian Sugar Sector," the government said in a statement. During the season, all records of sugarcane production, sugar production, sugar exports, cane procured, cane dues paid, and ethanol production were made."

Without government assistance, sugar mills procured over 1.18 lakh crore sugar cane in the sugar season 2021-22 at a payment of more than 1.12 lakh crore. "At the end of the sugar season, the cane dues are less than 6,000 crore, indicating that 95% of the cane dues have already been cleared." It is also worth noting that for the sugar season 2020-21, more than 99.9% of cane dues have been paid," the government stated.

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Meanwhile, sugar mills/distilleries earned approximately 18,000 crore from the sale of ethanol in 2021-22. Molasses/sugar-based distilleries' ethanol production capacity has increased to 605 crore litres per year. The government's flagship Ethanol Blending with Petrol (EBP) Program aims to achieve 20% ethanol blending targets by 2025.

"In the new season, sugar diversion to ethanol is expected to increase from 35 LMT to 50 LMT, generating revenue for sugar mills of approximately 25,000 crores," the government said.

The news comes as India's exports fell by 3.52% to $32.62 billion in September 2022, down from $33.81 billion the previous year. Meanwhile, imports increased by 5.44% in September to $59.35 billion this year

To meet domestic demand, the government reduced all sugar exports beginning June 1 this year, excluding the fixed quantity of sugar exported under the CXL quota and tariff-rate quotas to the EU and the US.

"With effect from 1st June 2022 to 31st October 2022, or until further orders, whichever is earlier," the government notification stated. "Export of sugar is permitted only with specific permission from the Directorate of Sugar, Department of Food and Public Distribution (DFPD), Ministry of Consumer Affairs, Food & Public Distribution."

Key Points Concerning India as the World's Largest Sugar Producer

All records of sugarcane production, sugar production, sugar export, cane dues paid, and ethanol production were made during this season.

With no financial assistance, India set records in 2020-21 with exports of approximately 109.8 LMT.

Sugar exports from India generated approximately Rs 40,000 crore in foreign currency for the country.

This accomplishment of the sugar industry was made possible with the assistance of the Central and State Governments, Farmers, Sugar Mills, and others.

Sugar mills produced sugarcane worth more than Rs 1.18 lakh crore during the sugar season and paid out more than Rs 1.12 crore with no financial assistance.

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