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Availability of sugar in domestic market and stable price of sugar is Centre’s top priority

Centre’s first priority is to ensure sufficient availability of sugar for consumption at reasonable rate, thereafter maximum sugar to be diverted to ethanol said Shri Sudhanshu Pandey, Secretary Department of Food and Public Distribution while interacting with media persons here today.

Talking about prioritizing domestic consumption, he said that during the festival period of October & November, the demand of sugar increases and therefore, the Centre is committed to ensure availability of sugar for the lean period.

Government of India is committed to stablise prices of sugar in the domestic market and in last 12 months, prices of sugar are under control. Wholesale prices of sugar in India are range bound between ₹ 3150 – ₹ 3500 per quintal while retail prices are also within control in the range of ₹36-44 in different parts of the country.

Global situation reflects a shortage of sugar, especially due to lower production in Brazil. This may trigger the demand globally and so as to safeguard domestic availability and interests, DGFT issued an order to maintain domestic availability & price stability of sugar in the country during sugar season 2021-22 (October-September), Central govt to regulate sugar exports w.e.f June 1, 2022, till further orders. Govt will allow sugar exports up to 100 LMT.

This Year India has produced 355 LMT of Sugar after discounting diversion of about 35 LMT of sugar to production of ethanol, highest in the world. India is the second largest exporter of Sugar. Total export should be about 100 LMT in current sugar season 2021-22. Current exports of 90 LMT has been contracted of which 82 has already been lifted, remaining 10 LMT can be exported. Average monthly consumption in India is around 23 LMT, sufficient domestic stock available, around 62 LMT. Average retail price of sugar in India is around ₹ 37-44/kg.

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