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 states reported continuous rainfall reducing the production, which had dropped to 800 quintals from average production of 1,100 quintals per hectare,” said Shekhar Gaikwad, sugar commissioner. If the estimates of less than average rainfall this monsoon proved true leading to drop in production, it may result in the further rise in retail price of sugar,” added Gaikwad.

Maharashtra Price Drop Gaikwad Retail Price Sugar Production Lakh Quintals  rate  drop  17  rainfall  recovery  sugarcane  price  lakh  quintals  state  retail  sugar  production  drops

History of this topic

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 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- …

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 …

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 …

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 …

Discover Related