Indian Sugar Industry

India to send delegations to Chile seeking lithium and copper assets

Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems

India won't allow new sugar exports to prevent domestic shortages

India, which vies with Brazil as the world's biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies

India likely to keep lid on sugar exports as output dips: Reports

India is not looking at allowing more sugar exports, government and industry officials said on Thursday

Sugar mills enter into contract to export 5.5 mn tonne of sweetener

Sugar mills have entered into contracts to export 55 lacs tons of sweetener so far in current marketing year ending September and out of that, according to industry body ISMA

India's 2022-23 sugar output to fall on adverse weather: Industry official

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

Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER

Globally, supply is expected to ease as output in Brazil and Thailand, both major producers, is likely to revive

Sugar mills clinch export deals within days of govt approval, says dealers

The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly

India's sugar output to be higher at 36.5 mn tonnes in 2022-23: ISMA

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

Sugar producers sign deals in 'golden opportunity' on tight global market

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

Govt permits exporters to ship raw sugar to US under TRQ till Dec 31

The government on Wednesday permitted the export of specified quantity of raw sugar to the US under the Tariff-Rate Quota (TRQ) till December-end this year. Earlier, it was permitted till September 30. "The validity for export of raw sugar to the US under TRQ has been extended from September 30, 2022 to December 31, 2022," the Directorate General of Foreign Trade (DGFT) said in a public notice. TRQ is a quota for a volume of exports that enters the US at relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. In May, the government permitted additional export of 2,051 metric tonne of raw sugar under the TRQ to the US for its fiscal year ending September 30, 2022. With this quantity, total sugar export to the US under TRQ during its fiscal year 2022 would be 10,475 MT. India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as

India could approve sugar exports in two tranches from Oct: Report

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 farmers and consumers

Centre likely to allow 1.2 MT additional sugar exports this season

Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT

Sugar output may fall; still there'll be 8 mt surplus for exports: ISMA

ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.

India's sugar output in 2022-23 may dip slightly to 35.5 mn tonnes: ISMA

As per ISMA, sugar production in 2022-23 is estimated at 355 lakh tons as against 360 lakh tons in current marketing year ending September due to diversion of sugarcane towards ethanol manufacturing

Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

At 137 lakh tonnes, Maharashtra sees its all-time high sugar production

Maharashtra has set a record for itself by producing 137.28 lakh tonnes of sugar in 2021-22, which is nearly 31 lakh tonnes more than the previous year, a senior official said on Thursday. The state also broke another record of crushing 1,320.31 lakh tonnes of sugarcane this year, he said. "The state has produced 137.28 lakh tonnes of sugar this year, which is 30.88 lakh tonnes more than the previous year. With this, the crushing season in the state has now ended," state Sugar Commissioner Shekhar Gaikwad told PTI. The sugar produced in Maharashtra this year is so much that it stands next to Brazil in terms of the production, he said. "The crushing season of Maharashtra lasted longer this year after an all-time high production of sugarcane. The sugarcane crushing season which used to be around 90-120 days, went up to 240 days in some parts of the state this year. The average crushing season went up to 173 days, which was 140 the previous year," he said. This year, around 200 sugar

India's sugar exports at record 8.6 mn tonnes till May this year, says ISMA

Sugar exports from India, the world's largest producer of the sweetener, touched a record 8.6 million tonne till May of the ongoing 2021-22 year, said the latest data by industry body ISMA.

India to start new sugar season with 6.2 million tonnes of stocks

On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes

Indian sugar exports at 7 million tons YTD, may touch 9 million tons: ISMA

Indian Sugar Mills Association (ISMA), in a statement, said the country's sugar output has risen to 34.23 mn tonnes till April of the current marketing year, from 30 million tonnes in year-ago period

Indian Sugar Mills Association director general resigns unexpectedly

Since Oct. 1, 2022, when the current sugar season began, Indian mills have signed contracts to export a record 8 million tonnes of the sweetener