Sugar Price : Recently, the government has recorded record production of sugarcane. (Sugarcane Records Production) The figures have been presented. In the year 2021-22 sugarcane year, the total production has been produced at 5,000 lakh tonnes. Which is being told as a record. According to commodity experts, the price of sugar this summer Sugar Price A major decline can be seen in According to experts, this summer, sugar prices can be cheaper by Rs 2000 per ton i.e. Rs 2 per kg at the retail level. According to the daily retail figures of the Department of Consumer Affairs, the price of China can go below Rs 40 per kg in summer.
Sugar can be cheaper by Rs 2 per kg
On the record production of sugarcane, experts say that the government is increasing this export. Even after that there will be a lot of sugarcane stock left in the country. After which an increase in the production of sugar can also be seen. If the production of sugar increases, then there will be a fall in the prices. According to experts, the price of sugar at the retail level can be cheaper by Rs 2,000 per tonne, ie Rs 2 per kg. According to the Department of Consumer Affairs, the average price of sugar at the retail level in the country on Saturday is Rs 41.89 per kg. Whose chances of going below 40 rupees are visible.
Sugarcane will be in export
IIFL Vice President Anuj Gupta told that after the record production of sugarcane, the government will increase its export. At present, the government’s export target is 60 lakh metric tonnes. In such a situation, even after the government revises this target, a lot of sugarcane will be left and record production of sugar can be seen and the price of sugar can come down. Anuj Gupta said that this summer the price of sugar may fall by Rs 2 per kg. This decline can be seen at the retail level.
What kind of sugarcane production figures came
The year 2021-22 has proved to be a historic season for the Indian sugar sector. All the records of sugarcane production, sugar production, sugar exports, sugarcane procurement, sugarcane arrears payment and ethanol production were broken during this session. During this season, the country produced a record sugarcane production of over 5,000 lakh metric tonnes (LMT), of which about 3,574 LMT was crushed in sugar mills. This resulted in production of 394 lakh MT sugar (sucrose), of which 36 lakh MT sugar was used in ethanol production and 359 LMT sugar was produced by sugar mills.
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