Sugar production estimated to decline in Maha, retail prices could rise
1 year, 3 months ago

Sugar production estimated to decline in Maha, retail prices could rise

Hindustan Times  

After recording a 17 percent drop in 2022-23, sugar production in Maharashtra is expected to drop by over 11 percent this year. “The area under sugarcane cultivation is expected to remain at 14.37 lakh hectares this year as against 14.83 lakh hectares last year,” said an official from the sugar commissionerate. The recovery rate is expected to remain 10 percent against the average rate of 11.25 percent owing to the lessened weight of canes on account of poor growth.” The official added that the production could drop to less than 90 lakh tonnes if the rainfall was even less than forecast. Sanjeev Babar, former managing director of the Maharashtra State Cooperative Sugar Factories Federation, said that the drop in production could lead to a rise in the retail rate of sugar. “The national production is expected to be approximately 330 lakh tonnes, around 56 lakh tonnes less than in 2022-23,” he said.

Maharashtra Drop Rate Tonnes Lakh Sugar Expected Rise Maha Sugar Production Production Estimated  tonnes  maha  expected  rise  lakh  production  estimated  drop  sugar  maharashtra  rate  prices  retail  decline

History of this topic

Sugar units of North Karnataka to commence cane crushing after November 15
4 months, 2 weeks ago

Sugar units of North Karnataka to commence cane crushing after November 15

The Hindu  

Sugar factories of North Karnataka will commence crushing of sugarcane from November 15 and a decision to this effect was taken at a meeting of the South India Sugar Mills Association presided by Sugar Minister Shivananda Patil on Thursday. Mr. Patil assured SISMA that he would write to the Maharashtra government requesting to issue an order to start crushing operations …

Maha produces 41.25 lakh quintal more sugar this year
8 months ago

Maha produces 41.25 lakh quintal more sugar this year

Hindustan Times  

PUNE: This year, sugar production has increased by a whopping 41.25 lakh quintal as compared to last year with a total 207 sugar factories, both cooperative and private, contributing to this achievement by producing a massive 1,093.55 lakh quintal of sugar. Despite fewer sugar factories initiating the sugarcane crushing process this year, there has been a significant increase in all …

Sugar stocks surge as government reverses ban on sugarcane juice for ethanol production
1 year ago

Sugar stocks surge as government reverses ban on sugarcane juice for ethanol production

Live Mint  

Sugar stocks experienced a notable surge, with gains of up to 7.7% in today's trading session, following a new order from the food ministry. The order reversed the earlier ban on using sugarcane juice for ethanol production, allowing both sugarcane juice and B-heavy molasses for green fuel production in the 2023–24 supply year. This reversal followed the government's December 07 …

Government directs sugar mills to not use sugarcane juice for ethanol production to keep prices in check
1 year ago

Government directs sugar mills to not use sugarcane juice for ethanol production to keep prices in check

The Hindu  

The Centre on December 7 banned the use of ‘sugacane juice and sugar syrup’ for ethanol production in the 2023-24 supply year that started this month, in order to maintain adequate sugar availability for domestic consumption and to keep prices under check. In a letter issued to all sugar mills and distillers, the Food Ministry directed them “not to use …

Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia
1 year, 1 month ago

Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia

Associated Press  

Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Indonesia — the biggest sugar importer last year, according to the United States Department of Agriculture — has cut back on imports. Sugar worldwide is trading at the highest prices since 2011, mainly due to lower global supplies after unusually dry weather damaged harvests in India and Thailand, the world’s second- …

Karnataka pegs 42% decline in sugar output at 34.51 lakh tonne for 2023-24 season
1 year, 2 months ago

Karnataka pegs 42% decline in sugar output at 34.51 lakh tonne for 2023-24 season

Hindustan Times  

Sugar production in Karnataka, the country's third largest producer, is estimated to fall by 42.30 per cent to 34.51 lakh tonne in the 2023-24 sugar season that started this month, due to lower cane output and less sugar recovery. Sugarcane production in Karnataka is estimated to be lower at 520 lakh tonne in 2023-24, compared with 705 lakh tonne in …

Govt seeks sugar sale data of last 4 months
1 year, 3 months ago

Govt seeks sugar sale data of last 4 months

Hindustan Times  

NEW DELHI: To ensure sugar prices don’t rise sharply in the festive season beginning next month, the central government has asked all millers to provide details of quantities sold to traders and wholesalers in each of the past four months in a specified format, according to an order seen by HT. The instruction was issued because the government fears possible …

Why India may ban sugar exports for first time in seven years
1 year, 4 months ago

Why India may ban sugar exports for first time in seven years

Firstpost  

India is reportedly ready to ban sugar exports for the next season starting October, as scanty rainfall has affected cane yields in Maharashtra and Karnataka. With this, the Centre aims to check domestic prices and ensure adequate local supply of the sweetener India is reportedly ready to ban sugar exports for the next season starting October. India may ban sugar …

India set to ban sugar exports for first time in 7 years
1 year, 4 months ago

India set to ban sugar exports for first time in 7 years

Live Mint  

India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said. “For the upcoming season, we will not have enough sugar to allocate for export quotas.” India allowed mills to export only 6.1 million …

After rice, is India looking at banning sugar exports?
1 year, 4 months ago

After rice, is India looking at banning sugar exports?

Firstpost  

For sweet lovers across the world, there could be some bitter news. The fears of a sugar export ban come at a time when the country’s food inflation has risen to 4.49 per cent in June, against a revised 2.96 per cent in May. A whopping 4.5 million tonnes is being diverted to make ethanol, a 9.8 per cent rise …

India’s excess sugar production is guzzling groundwater
1 year, 4 months ago

India’s excess sugar production is guzzling groundwater

The Hindu  

In 2021-2022, India surpassed Brazil to become the largest sugar producer in the world, producing 359 lakh tonnes – an all-time high. If we don’t address the chronic overuse of groundwater in the sugar industry soon and effectively, India’s agricultural sector will be at risk of collapse. In the same year, of the 394 lakh tonnes of total sugar produced, …

Sugar production expected to see a slight dip amid rising ethanol demand
1 year, 4 months ago

Sugar production expected to see a slight dip amid rising ethanol demand

The Hindu  

Sugar production in the 2023-24 sugar season, which starts in October, is expected to be 317 lakh tonnes as against 328 lakh tonnes during the current season. Preliminary estimates by the Indian Sugar Mills’ Association show that total production will be 362 lakh tonnes compared with 369 lakh tonnes in the ongoing season, which will end on September 30. Sugar …

Govt unlikely to allow sugar exports next season
1 year, 6 months ago

Govt unlikely to allow sugar exports next season

Live Mint  

The department of food and public distribution is unlikely to allocate quota to sugar mills for export or allow Indian mills to export sugar in 2023-24 to ensure domestic supply and keep prices in check. This comes in the backdrop of India’s sugar production in the ongoing season dipping to 32.4 million tonnes from the initial estimates of 36.5 mt, …

Sugar mills in Maharashtra diverting biz towards ethanol production
1 year, 7 months ago

Sugar mills in Maharashtra diverting biz towards ethanol production

Hindustan Times  

Many sugar mills in Maharashtra are shifting their business towards the production of ethanol due to high demand from the oil industry and more returns. Shekhar Gaikwad, sugar commissioner of state, said, “There is more demand from oil industries for ethanol blending but existing mills are not able to provide the required supply. We are following the Brazil model, as …

Sugar production in Maharashtra drops by 320 lakh quintals
1 year, 7 months ago

Sugar production in Maharashtra drops by 320 lakh quintals

Hindustan Times  

Given that the season for crushing sugarcane ended in April, Maharashtra’s sugar production has decreased by 320 lakh quintals compared to last year. At least 210 sugar mills produced 1,053.17 lakh quintals of sugar in 2022-23 as opposed to 1,373 lakh quintals in the previous year. This year in 2022-23, Maharashtra produced 1,053 lakh quintals of sugar by crushing 1,052 …

Sugar production in state drops by 17%, retail price may go up
1 year, 8 months ago

Sugar production in state drops by 17%, retail price may go up

Hindustan Times  

Mumbai: After registering the highest ever output last year, the sugar production in the state has dipped by 17.4% this year owing to the substantial drop in recovery rate of sugarcane. After the recent conclusion of the crushing season, the production of sugar in the state has been reported at 1,053 lakh quintals in 2022-23. In subsequent three months, the …

Sugar Trade Body AISTA Demands Increase in Minimum Selling Price of Sugar to Cover Production Costs
1 year, 8 months ago

Sugar Trade Body AISTA Demands Increase in Minimum Selling Price of Sugar to Cover Production Costs

The Hindu  

Sugar trade body AISTA on Wednesday demanded that the government should increase the minimum selling price of sugar as the sweetener is being sold at prices lower than the cost of production in the country. The minimum selling price of sugar has been kept unchanged at ₹3,100 per quintal since 2019 even though the fair and remunerative price of sugarcane …

Extra 1 million tons sugar exports possible if domestic output meets estimate, says govt. official
1 year, 9 months ago

Extra 1 million tons sugar exports possible if domestic output meets estimate, says govt. official

The Hindu  

India, the world's second-largest sugar-producing nation after Brazil, can export an additional one million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year, a senior Food Ministry official said on March 6. "More exports are possible and we have a cushion for exports of additional one million tonnes, suppose the overall production reaches …

India exports 16.92 lac tons of sugar till January 4 of 2022-23; over 59,000 tons to China
1 year, 11 months ago

India exports 16.92 lac tons of sugar till January 4 of 2022-23; over 59,000 tons to China

Firstpost  

New Delhi: India has exported 16.92 lakh tonnes of sugar till January 4 of the ongoing 2022-23 marketing year, including 59,596 tonnes of the sweetener to neighbouring China, trade body AISTA said on Tuesday. Among other neighbouring nations, India has exported 1.47 lakh tonnes of sugar to Bangladesh, and 82,462 tonnes to Sri Lanka during October-January 4 of the current …

India Becomes World's Largest Producer of Sugar With 394 Lakh Tonnes Output; Check Details
2 years, 2 months ago

India Becomes World's Largest Producer of Sugar With 394 Lakh Tonnes Output; Check Details

News 18  

India has emerged as the world’s largest producer of sugar with a record production of about 394 lakh metric tonnes of sweetener being produced during the sugar season 2021-22. Out of this, 35 LMT sugar was diverted to ethanol production and 359 LMT sugar was produced by sugar mills, according to an official statement. It is also noteworthy that for …

India set to allow 5 mn tonnes of sugar exports in first tranche
2 years, 3 months ago

India set to allow 5 mn tonnes of sugar exports in first tranche

The Hindu  

India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday. “The permission to export 5 million tonnes of sugar is expected in the coming weeks and once we have a better sense about next sugar year’s production, we could allow another 3 …

For sugar stocks, ethanol prices must hit sweet spot
2 years, 3 months ago

For sugar stocks, ethanol prices must hit sweet spot

Live Mint  

Shares of sugar companies such as Balrampur Chini Mills Ltd and Triveni Engineering & Industries Ltd are down 28-33% from their 52-week highs seen in April. In SS2021-22, 3.4 million tonnes of sugar production were estimated to be diverted for ethanol, according to Indian Sugar Mills Association. Initially, it capped the export volumes at 10 million tonnes, but following the …

India could soon approve sugar exports in two tranches: Report
2 years, 3 months ago

India could soon approve sugar exports in two tranches: Report

Live Mint  

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of its farmers and consumers, government and industry officials told Reuters. New Delhi could allow exports of 7 million to 8 million tonnes in the next season, said a senior …

Explained | Why India, world’s largest producer of sugar, has put brakes on exports
2 years, 6 months ago

Explained | Why India, world’s largest producer of sugar, has put brakes on exports

The Hindu  

The story so far: A fortnight after it banned wheat exports, India announced restrictions on the export of sugar to keep a lid on prices in the domestic market. “Taking into consideration unprecedented growth in exports of sugar and the need to maintain sufficient stock of sugar in the country as well as to safeguard interests of the common citizens …

Explained: Why India has curbed sugar exports despite a bumper crop
2 years, 6 months ago

Explained: Why India has curbed sugar exports despite a bumper crop

Firstpost  

India is the world’s second-largest exporter of sugar. Sugar production in India has increased by 14 per cent to 34.2 million tonnes so far in the ongoing 2021-22 marketing year and is expected to touch a record of 35.5 MT. “India for the first time has witnessed record production of net sugar of 34.2 million tonnes till April 2022,” the …

India curbs sugar exports to ensure supply, stabilize price
2 years, 6 months ago

India curbs sugar exports to ensure supply, stabilize price

Associated Press  

NEW DELHI — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. In the current June-October sugar season, contracts for export of about 9 million tons have been signed and 7.8 million tons were already exported, the government said in a statement. It is allowing private …

India imposes restrictions on sugar exports from 1 June to maintain domestic availability, price stability
2 years, 6 months ago

India imposes restrictions on sugar exports from 1 June to maintain domestic availability, price stability

Firstpost  

The Directorate General of Foreign Trade said that the export restrictions would not be applicable on sugar exported to the EU and the US under CXL and TRQ New Delhi: The government has imposed restrictions on sugar exports from 1 June, 2022, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise. In …

Ethanol helps sugar mills clear arrears to farmers
2 years, 10 months ago

Ethanol helps sugar mills clear arrears to farmers

The Hindu  

Sugar mills’ sale of ethanol to oil marketing companies helped them earn additional revenue and clear cane price arrears to farmers, the Department of Economic Affairs said in the annual Economic Survey placed in the Parliament on Monday. The department said that in the past four sugar seasons ending 2020-2021, sugar mills/distilleries generated revenue of about ₹35,000 crore from the …

India notifies 8,424 tonnes of raw sugar exports to U.S. under tariff-rate quota
3 years, 2 months ago

India notifies 8,424 tonnes of raw sugar exports to U.S. under tariff-rate quota

The Hindu  

The government on Friday permitted export of 8,424 tonnes of raw or white sugar under tariff-rate quota to the U.S., which enables shipments to enjoy relatively low tariff. India enjoys duty-free sugar exports to the U.S. for up to 10,000 tonnes annually under the preferential quota arrangement. The country's sugar export rose 20% to an all-time high of 7.1 million …

Urgent need to stop licences for new sugar factories: Nitin Gadkari
3 years, 2 months ago

Urgent need to stop licences for new sugar factories: Nitin Gadkari

The Hindu  

Urging farmers in Maharashtra and other parts of the country to focus on producing ethanol from sugarcane juice instead of sugar, Union Minister of Road Transport and Highways and senior BJP leader Nitin Gadkari on Saturday said there was a pressing need to stop issuing fresh licenses to set up sugar factories in the State and elsewhere. Loss-making enterprise Expressing …

‘Ethanol production absorbed 2 MT of sugar’
3 years, 2 months ago

‘Ethanol production absorbed 2 MT of sugar’

The Hindu  

Almost two million tonnes of sugar were diverted for ethanol production during the last sugar season, Sudhanshu Pandey, Food Secretary, said at a webinar on sugar output on Friday. During the current season, which started on Friday, about 3.5 MT of sugar are expected to be used for ethanol production in the country. Abinash Verma, Director General of the Indian …

EXPLAINED: As Centre Hikes Payment For Farmers, All You Need To Know About Sugarcane Pricing In India
3 years, 3 months ago

EXPLAINED: As Centre Hikes Payment For Farmers, All You Need To Know About Sugarcane Pricing In India

News 18  

The Centre has announced a hike of Rs 5 in the minimum price that sugar mills are supposed to pay farmers, raising the per quintal cost of raw sugarcane to Rs 290 per quintal effective from October this year, when the next marketing season commences. According to the industry body, the Indian Sugar Mills Association, some states declare state-specific sugarcane …

Rising global prices, ethanol production aiding market sentiment on sugar stocks
3 years, 9 months ago

Rising global prices, ethanol production aiding market sentiment on sugar stocks

Live Mint  

MUMBAI: Domestic sugar companies have struggled on the profitably front over past few years, given surplus production and depressed prices in the country. An export quota at 6 million tonne is helpful but the projected surplus will keep sugar prices in check this year as well. However, offering some respite are the rising global prices, which will help Indian sugar …

Maha Mills on Rush as Govt's Ethanol Push Prompts Sugar Mills to Raise Production
4 years ago

Maha Mills on Rush as Govt's Ethanol Push Prompts Sugar Mills to Raise Production

News 18  

The Centre's push for ethanol seems to have encouraged the sugar factories to increase cane crushing, as 149 mills in Maharashtra have produced 109 lakh quintal sugar within a fortnight of the beginning of the crushing season this year, an official said. "It shows the enthusiasm of operators of sugar mills towards ethanol production," B B Thombare, chairman of West …

Sugar Mills Sign Export Deals Without Govt Subsidies as They Scramble to Pay Dues
4 years, 1 month ago

Sugar Mills Sign Export Deals Without Govt Subsidies as They Scramble to Pay Dues

News 18  

Indian sugar mills have for the first time in three years agreed export agreements without the support of government subsidies as they scramble to pay dues owing to farmers, four industry officials told Reuters. India has revived a proposal to get sugar mills to export 6 million tonnes of sugar by incentivising overseas sales in the 2020/21 season to cut …

Govt not considering extension of sugar export subsidies for 2020-21: Piyush Goyal
4 years, 1 month ago

Govt not considering extension of sugar export subsidies for 2020-21: Piyush Goyal

Live Mint  

The government is currently not considering an extension of sugar export subsidies for the 2020-21 season that commenced this month in view of stable international sugar prices, Food and Commerce Minister Piyush Goyal said on Friday. India, the world's second-largest sugar-producing country, had to offer export subsidies during the last two years in order to reduce surplus stocks and help …

Discover Related