How will Indian sugar mills benefit from the Global Carbon Council partnership?

The partnership allows mills to measure, verify, and monetize emission reductions, opening access to global carbon markets for new revenue.

Why is revising the minimum selling price crucial for ISMA?

A revised minimum selling price is vital for industry viability and ensuring timely farmer payments amid rising costs.

When is the favorable window for Indian sugar exports?

India anticipates a favorable export window from mid-December to March before substantial Brazilian supplies enter the market.

Home / Business and Economy / India's Sugar Sector Taps Global Carbon Markets

India's Sugar Sector Taps Global Carbon Markets

26 Nov

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Summary

Indian sugar mills partner with Global Carbon Council for carbon market access.
Minimum selling price revision is crucial for industry viability and farmer payments.
India anticipates a favorable export window from December to March.

India's Sugar Sector Taps Global Carbon Markets

The Indian sugar industry is poised for a significant shift as it enters global carbon markets via a new collaboration with the Global Carbon Council. This groundbreaking partnership offers Indian sugar mills a pathway to measure, verify, and monetize their emission-reduction activities, thereby unlocking substantial new revenue streams and reinforcing the sector's commitment to clean energy initiatives. This includes expanding its role in areas such as ethanol production, compressed bio-gas, and sustainable aviation fuel.

Director General Deepak Ballani of the Indian Sugar Mills Association (ISMA) highlighted the critical importance of revising the minimum selling price for sugar. He noted that despite rising production costs and farmer payments (FRP), the minimum support price has remained unchanged for several years. A timely revision is deemed essential for the industry's financial health and to ensure prompt payments to sugarcane farmers, maintaining the sector's operational stability.