ENA Sectors 2022-11-24 11:46:05 <p><strong>New Delhi, Nov 24 (KNN)</strong> The Indian Sugar Mills Association (ISMA) on Wednesday said the Indian government is expected to allow additional 2-4 million tonnes of sugar exports in the 2022/23 season. This move will leave total exports at 8-10 million tonnes and below last year's level. </p> <p>The government earlier this month had given a green signal to the first tranche of exports for 2022/23 at 6 million tonnes in a move that helped cap recent upward pressure on benchmark ICE sugar prices.</p> <p> Definitely there will be a second tranche between 2-4 million tonnes, depending on production, Aditya Jhunjhunwala, president of ISMA, told Reuters on the side-lines of the International Sugar Organisation seminar in London.</p> <p>Jhunjhunwala pointed out that India would likely produce 36 million tonnes of sugar and 5 million tonnes of ethanol.</p> <p>Indian consumption is at around 27-27.5 million tonnes, so that leaves 8.5-9 million tonnes for export, he said, adding mills have already signed contracts to export 4 million tonnes of sugar.</p> <p>India is worlds biggest sugar producer and the second biggest exporter behind Brazil. In the last years season (2021-2022), It had exported more than 11 million tonnes of sugar. <strong>(KNN Bureau)</strong></p> <p> </p> 31326 https://knnindia.co.in/news/newsdetails/sectors/india-likely-to-allow-additional-2-4-million-tonnes-of-sugar-exports-this-season-isma 2022-11-24 11:46:05 knnindia.co.in