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India’s sugar manufacturing for the crushing yr 2023-24 is predicted to witness a optimistic development following a lift in yield from two key sugarcane producing states – Maharashtra and Karnataka.
Millers in each the states have reported elevated per-hectare yield which has led them to revise their manufacturing figures by 10 to fifteen per cent. At the nationwide stage, the sugar manufacturing is predicted to succeed in 305 lakh tonnes (lt) as towards the 291.50 lt initially of the season, officers mentioned.
The uptick in manufacturing comes primarily from Marathwada, Ahmednagar and Solapur areas of Maharashtra in addition to the northern belt of Karnataka.
Bhairavnath B Thombare, CMD of Natural Sugar and Allied Industries – a Latur-headquartered firm which runs two mills in Dharashiv and Yavatmal districts of Maharashtra, mentioned they’ve seen a 15 per cent enhance in per-hectare yields. “The unseasonal rain has come as a blessing in disguise for both the states. In our region the per-hectare yield has reached 95 tonnes. We have subsequently revised our production estimates,” he mentioned.
Industry sources instructed The Indian Express that Maharashtra, as per the recent estimates, would produce 90 lt, whereas Karnataka’s manufacturing determine would stand at 42 lt. “A 10 per cent increase in Uttar Pradesh’s 110 lt production would push the country’s total estimate to around 305 lt. Thus, the initial scare of hand-to-mouth sugar availability is likely to not materialise,” mentioned an business supply.
With a home consumption at 280 lt and a carryover inventory of fifty lt, the full extra availability of sugar as of now stands at 75 lakh tonnes.
Buoyed by the elevated availability of sugar, the business has reignited its demand to reinstate the unique ethanol mixing programme.
Earlier in December, the central authorities banned the manufacturing of ethanol from sugar juice or sugar syrup and requested mills to supply ethanol solely from B heavy or C molasses. However on December 15, the ban was rescinded and diversion of 17 lt of sugar was allowed for manufacturing.
“We feel a second tranche would be announced soon which would allow further diversion to 25 lt,” mentioned an UP based mostly miller.
Thombare, on his half, mentioned mills in Maharashtra have invested to the tune of Rs 17,000 crore in ethanol manufacturing and this sudden ban has put a spanner of their funds.
“We will be meeting union minister Piyush Goyal and his secretary to ask them to reinstate the original ethanol diversion programme. Financial health of mills and earning of farmers are dependent on it,” he mentioned.
© The Indian Express Pvt Ltd
First uploaded on: 27-12-2023 at 12:11 IST
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