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Sugar Price In India: The increased prices of flour have increased the concern of the central government. The central government is trying to take all possible steps to reduce the prices of flour. There has been a bumper production of sugarcane in the country. The central government is happy with the high production of sugarcane in the country. According to the officials of the central government, a strategy is being prepared on a large scale regarding the consumption and export of sugarcane products. The effect of excess of sugarcane can also be seen on the kitchen of common people. Sugar prices may come down.
Sugar can be cheaper by Rs 2000 per ton
Sugarcane production has reached 5 lakh metric tonnes in the year 2021-22. People associated with the market say that bumper sugarcane production can have an impact on sugar prices. Its big impact will be seen on the prices of sugar in summer. If the situation remains the same, then the price of sugar can be reduced by Rs 2000 per tonne at the retail level, while it will be Rs 2 per kg. The price of sugar can be below Rs 40 per kg. According to the records of the Department of Consumer Affairs, the average price of sugar in the country was around Rs.42 on Saturday. In the coming days, it can be below 40.
Record 5,000 lakh metric sugarcane production in the country
The record production of sugarcane can be gauged from the fact that more than 5,000 lakh metric tonnes of sugarcane has been produced in the country in the year 2021-22 season. Out of this, 3574 LMT sugarcane has been crushed in sugar mills. This produced 394 lakh metric tonnes of sugar (sucrose). Out of this, 36 lakh tonnes of sugar was used to make ethanol. At the level of sugar mills, 359 lakh metric tonnes of sugar was produced.
This is also a big reason for sugar being cheap
The major reason behind sugar being cheap is also that the target of production of 260 to 280 lakh metric tonnes of sugar is fixed in the sugar season. But considering the situation of bumper production of sugarcane in the country, 320 to 360 lakh metric tonnes of sugar is produced. Due to such high sugar production, the consumption of sugar in the Indian market does not decrease. Due to this, India is the second largest exporting country in the world after Brazil. Sugar mills also have a lot of stock left.
Disclaimer: Some of the information given in the news is based on media reports. Farmer brothers, before implementing any suggestion, do consult the concerned expert.
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