Sugar Output

Concerns about low output behind the uptick; retail prices may remain flat

India's sugar production fell 3 per cent to 299.6 lakh tonnes in the first six months of the 2022-23 marketing year ending September, according to industry body ISMA. Sugar output stood at 309.9 lakh tonnes in the corresponding period of the previous year. The sugar marketing year runs from October-September. As per the data, sugar production in Uttar Pradesh rose to 89 lakh tonnes during October 2022-March 2023 period from 87.5 lakh tonnes in the year-ago period. Maharashtra's sugar production fell to 104.2 lakh tonnes from 118.8 lakh tonnes, while output in Karnataka declined to 55.2 lakh tonnes from 57.2 lakh tonnes. ISMA has projected production for 2022-23 to 340 lakh tonnes against 358 lakh tonnes in the 2021-22 marketing year.

The country's sugar output remained marginally lower at 28.18 million tonne till March 15 of the ongoing marketing year, industry body ISMA said on Friday. Sugar production stood at 28.45 million tonne in the same period of the 2021-22 marketing year. The sugar marketing year runs from October to September. According to the Indian Sugar Mills Association (ISMA), around 336 sugar factories were in operation in the period under review against 438 factories in the year-ago period. After diversion for ethanol production, the country's sugar production was 28.18 million tonne during October-March 15 of the ongoing 2022-23 marketing year, the industry body said in a statement. The output in Maharashtra -- the country's leading producer of the sweetener -- remained lower at 10.19 million tonne during October-March 15 of the ongoing marketing year compared to 10.90 million tonne in the year-ago period. The production in Karnataka too, the country's third largest sugar-producing state, s

India, the world's biggest sugar producer and the second biggest exporter, had produced a record 35.9 million tonnes of sugar in the previous season ended on Sept. 30, 2022

Lower sugar exports from India, also the world's second biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase their shipments

The government, which has allowed export of 6 million tonne of sugar till May 31 of the ongoing 2022-23 season, on Sunday said it could consider allowing more export after periodic assessment of the domestic production. A food ministry notification issued on November 5 said export quota of 6 million tonne has been permitted from November 1 till May 31, 2023 with an option for millers to export on their own or through exporters or swap with domestic sale quota. In a statement issued on Sunday, the ministry said the export quota has been fixed based on the available initial estimates of sugarcane production in the country. "The sugarcane production in the country will be reviewed periodically and based on the latest available estimates, the quantity of sugar exports to be allowed could be reconsidered," the ministry said. Mills have been asked to export allocated sugar quota speedily to make early payment to cane farmers, it said. Mill-wise sugar export quota has been fixed for the

India is expected to produce around 36.5 million tonnes of sugar in the new season that began on Oct 1, a leading industry body said on Monday

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year

India's sugar production rose 24% to 20.9 lakh tonnes during October 1-November 15 on higher output in Maharashtra and Karnataka

Sugar output was at 31.18 million tonnes in the 2020-21 season

The country is the world's second-biggest sugar producer and the higher output could weigh on global prices

There is likely 1% fall in sugarcane area to 22.92 lakh hectares this year

The factories were able to supply only a third of OMC requirements in the second tender

ISMA has pegged the country's sugar production at 260 lakh tonne for 2019-20

Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India, the industry body added

Sugar marketing year runs from October to September

Sugar production could slide to between 26 million tons to 26.5 million tons in 2019-20, compared with 33.1 million tons a year earlier

According to the ISMA, mills produced 33.16 million tonne of sugar during the 2018-19 marketing year, of which sales were 25.5 million tonne.

Ethanol is disrupting the traditional sugarcane value chain and could be a viable option to hedge the sugar sector from seasonal fluctuations and export market shocks

Farmers in Maharashtra are selling cane in the cattle-feed market for as much as Rs 3,500 ($49) a ton