Indian Economy News

India emerges as the world's largest producer, consumer of sugar: Government

  • IBEF
  • October 6, 2022

The world's top producer, user, and second-largest exporter of sugar is now India.

Over 5,000 lakh metric tonnes (LMT) of sugarcane were produced in the nation during the sugar season of 2021–2022, of which 3,574 LMT were crushed by sugar mills to generate 394 LMT of sugar (sucrose). Out of this, 359 LMT of sugar was produced by sugar mills, while 35 LMT of sugar was diverted to the manufacturing of ethanol.

The season has proven to be a turning point for the Indian sugar industry, according to the Ministry of Consumer Affairs. The season saw the creation of all records pertaining to sugarcane production, sugar production, sugar exports, cane procurement, cane dues paid, and ethanol production.

The exports, which totaled roughly 109.8 LMT, were made without any financial aid up, which is another season highlight. This achievement of the Indian sugar industry was made possible by favourable worldwide prices and government policies in India. These exports brought in roughly Rs. 40,000 crore (US$ 4.9 billion) in foreign money for the nation.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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