CRISIL has expected a 2.5 million-tonne increase in India s sugar production in 2023-24 due to a ban on using sugarcane juice for ethanol. The government s move immediately stops ethanol production from cane juice but permits it from B and C heavy molasses. With sugarcane supply issues, sugar mills face a choice between sugar and ethanol.
Mukesh Ambani, Chairman of Reliance Industries Ltd. (RIL), is exploring a fresh avenue in the energy sector by targeting an underexplored resource: sugarcane press mud for compressed biogas (CBG) production. RIL is engaging with sugar mills to procure press mud, signaling a move towards biogas amid the push for green energy.
India s food secretary has dismissed rumors of an impending sugar shortage, stating that there is currently enough supply to meet the country s consumption needs for three and a half months. Concerns had arisen about low sugar production in India, the world s second-largest sugar producer, leading to potential price spikes and export bans. Sugar companies shares rose following reports of a possible drop in production in Maharashtra.
The Centre is planning to ban the exports of sugar amid a fall in production, as per a media report. The output, which was hit by unseasonal rainfall, is expected to touch 32.8 million tonnes in the 2022-2023 marketing year, 3.5 per cent lower than the earlier forecast
India, the world's biggest sugar producer, has extended restrictions for sugar export by one year through October 2023, the government said in a notification late on Friday.