ISMA Demands Additional 10-12 Lakhs Tonnes Of Sugar For Ethanol Production In The Current Season

ISMA (Indian Suger Mills Association) requests the government for the diversion of an additional 10-12 Lakh Tonnes of sugar for ethanol production for the season. The current sugar diverted for ethanol production is 17 Lakhs tonnes of the sugar. The country has a wide scope for ethanol production. The product has various uses of its own. All the production states demand for an upward revision after the favorable weather conditions and the possibility for more production.

The government already provides 17 Lakhs Tonnes of Sugar for ethanol production. Apart from that, the ISMA (Indian Suger Mills Association) demands an additional 10-12 lakhs Tonnes of sugar for ethanol production. They also focus on an upward revision in other sectors. These are sugarcane juice, syrup, and B-heavy molasses for 2023-24. There have been no revisions till now. Recently ethanol from maize has been an incentivise. There is eagerness among the production for a response as soon as possible.

Maharashtra is the largest producer of sugar in India. Uttar Pradesh is the second largest producer and Karnataka is the third largest producer. Maharashtra has produced around 50.73 Lakhs tonnes by 15 January. While UP produced 45.73 Lakhs tonnes of sugar by 15 January. Karnataka produced 31.16 lakh tonnes. 

The company expects to grow further with the season. This year made more growth than the previous one. It expects to have more growth in the next year. The mills also lead to the production of 149.52 Lakhs tonnes of sweetener. We hope that ethanol production will increase with time and favorable conditions. It has a use case in plastics, polishes, plasticizers, medications, cosmetics, and alcohol as well. There are several stocks related to ethanol that are also on trend. Let us look at some of the ethanol stocks in trend below:

1. Shree Renuka Sugars
2. Bajaj Hindustan Sugar Ltd.
3. Praj Industries Ltd.
4. EID Parry (India) Ltd.
5. Dhampur Sugar Mills

Some states had a decline in sugar production this year while others had an increase as well. States like Uttar Pradesh did higher production in comparison to the previous year. States like Karnataka and Maharashtra made less production in comparison to the previous year. ISMA demands quick action as the work needs to be started as soon as possible. We will update more details about it shortly. We hope you get enough details about ISMA’s recent demand from the government.