Even as output is expected to rise, govt hints no plans to export sugar
NEW DELHI: Sugar production in India is set to rise next season (October-September) because of the prospect of better monsoon, but govt indicated on Tuesday that there is no plan to allow export of the sweetener at least during the current season. Govt wants to keep a watch on the rainfall in different regions.
Responding to a question on the sidelines of the International Sugar Organisation (ISO) Council Meeting, Union food minister Parlhad Joshi said, “The sugar production is likely to be better this year than last time. But it depends on how rain pans out across the country. Going by the IMD prediction, there will be good rain.” In a supplementary question on the sugar export, the minister said, “Let’s first wait for the rains and we will take a call after assessing the production.”
In his address at the meeting, the minister said there is a need to carry out research to find how production can be increased and water consumption for the crop can be reduced significantly. “Sharing best practices and fostering research collaboration across nations is vital. Let us work together to develop high-yielding, disease-resistant sugarcane varieties, explore innovative uses for sugarcane, and promote sustainable practices throughout the value chain,” he said.
Union food secretary Sanjeev Chopra climate change puts a huge responsibility on all the ISO members as well as the sugar and ethanol industry to contribute to take the world towards net zero. He said that ethanol blending in petrol touched 15% in May and govt is confident of meeting the 20% blending target in 2025-26.
Stating that increasing share of ethanol produced from grains as a good sign, the secretary said they are hopeful of the quantity of grain-based ethanol production surpassing the fuel produced from sugarcane next year. Officials said that till now this year the share of ethanol produced from both sources is around 162 crore litres each.
In his address at the meeting, the minister said there is a need to carry out research to find how production can be increased and water consumption for the crop can be reduced significantly. “Sharing best practices and fostering research collaboration across nations is vital. Let us work together to develop high-yielding, disease-resistant sugarcane varieties, explore innovative uses for sugarcane, and promote sustainable practices throughout the value chain,” he said.
Union food secretary Sanjeev Chopra climate change puts a huge responsibility on all the ISO members as well as the sugar and ethanol industry to contribute to take the world towards net zero. He said that ethanol blending in petrol touched 15% in May and govt is confident of meeting the 20% blending target in 2025-26.
Popular from Business
- Top 10 Poorest Countries In The World By GDP Per Capita 2024: Which Are the Poorest Countries In The World? Check List
- ITR Filing AY 2024-25: What Are The Income Tax Slabs For FY 2023-24 In New & Old Regime? Check Tax Rates Here
- Borrowers must get 21-day notice before fraud tag: RBI
- ITR filing FY 2023-24: What is the penalty for late filing of income tax return? Check penalties for misreporting tax & other mistakes
- India’s Biggest Port, Vadhavan Port, Will Be Among The World's Top 10 Container Ports! Stunning Facts You Shouldn't Miss
end of article
Expand
Trending Stories
- Will banks open only for 5 days a week? Here’s what you should know about IBA’s proposal
- India set to be third largest economy, says S&P Global
- Dalal Street bull run continues! BSE Sensex crosses 69,000 for the first time; Nifty above 20,800
- Byju’s reduces notice period for employees as troubles mount
03:08 Sensex surges over 900 points, Nifty above 20,550 as BJP state election wins bolster Modi's Lok Sabha 2024 prospects- UltraTech to buy building materials business of Kesoram in 7,600 crore deal
- Tata Technologies stock debuts at a bumper 140% premium; share price at Rs 1200 on BSE
Visual Stories
- NEET UG 2024 result awaited: Top 10 NIRF-ranked medical colleges of India
- 7 New Expected Bullet Train Routes in India
- 10 Upcoming High-Speed Expressways That Will Change Highway Travel In India
- 8 Transformational Indian Railways Projects You Shouldn’t Miss
- Why Sensex, Nifty50 Hit New Highs, M-Cap At $5 Trillion: Top Reasons
TOP TRENDS
UP NEXT
Start a Conversation
Post comment