The Indian Sugar and Bio-Energy Manufacturers Association (ISMA), the apex body in the sugar and bio-energy industry in the country, predicts a significant sugar surplus of upto 36 lac tons for the current season.
In light of these projections, it is clear that the domestic consumption and availability situation is more than comfortable; the EBP can be very well managed within the sugarcane production and that the surplus sugar left thereafter because of the sudden pause of ethanol blending from sugarcane and sugar syrup, is in excess and cannot be converted back to Ethanol.
As per the press release, in this situation, ISMA has urged the Government to re-consider permitting the export of surplus sugar after due consideration of domestic demand and supply.
Deepak Ballani, Director General of the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said, “We at ISMA share the government’s policy objectives for ensuring betterment of sugarcane farmers and the sustained growth of the sugar industry in India ensuring stability in sugar sector. We are constantly working with the government to find ways for economic wellbeing of the farming community and implement workable solutions to utilise the surplus generated this season. Allowing exports would not only ensure a comfortable stock for domestic consumption and sustain the Ethanol Blending Program (EBP) but also contribute to maintaining the financial liquidity of sugar mills, enabling timely payments to farmers”.
