On Oct. 1, 2022, when the new season begins, mills' carryover stocks from the previous season are expected at 6 million tonnes against 8 million tonnes a year earlier
Sugar industry body ISMA has demanded that the government should allow exports of 80 lakh tonnes of sweetener in the 2022-23 marketing year starting October in view of surplus production. Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala has written a letter to food and consumer affairs minister Piyush Goyal in this regard. In the current 2021-22 marketing year ending September, the government has allowed sugar exports of 112 lakh tonnes and mills are likely to ship the entire quantities. In May, the government had imposed restrictions on export of sugar beyond 100 lakh tonnes, but later allowed another 12 lakh tonnes of shipments, taking the total to 112 lakh tonnes for 2021-22. Sugar marketing year or season runs from October to September. "We would like to request the government to allow 80 lakh tonnes of exports for 2022-23 SS (Sugar Season) ...," the ISMA President said in the letter. As per preliminary estimate, Jhunjhunwala said the net sugar production,
New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard
In the first tranche, market sources said exports of around 5 mt could be permitted. This could be expanded by another 2.5-3 mt only after assessing the price situation and supply-demand scenario
The sugar and ethanol producer owes nearly Rs 4,800 crore to banks
Tarun Sawhney, MD & vice-chairman of Triveni Engineering, a leading sugar producer with growing emphasis on biofuels, tells S Dinakar sugar prices will be stable and on a slightly upward trajectory
The Centre is likely to allow an additional 1.2 million tonnes (MT) of sugar exports in the current season ending September 2022, according to government sources
Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT
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.
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
Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult
Last month, the world's biggest producer of the sweetener gave its mills until July 5 to export the sugar, but some mills missed doing so because of heavy rains
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
Government says prices won't rise; closing stock levels seen among lowest in last 10 years
Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market
Indian sugar production was expected to climb to 33.3 million tonnes in the 2021/22 season, up from the prior season's 31.2 million: Director General of the Indian Sugar Mills Association
The country has physically exported 4.2 MT of sugar till February of the current marketing year, against the export contracts already undertaken for shipment of six million tonne: ISMA
Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September)
India is likely to produce 31.45 million tonnes of sugar in 2021/22 marketing year, nearly 3.1% more than the previous estimate, as output is set to jump in the key western state of Maharashtra
India is the world's second-biggest sugar producer and the higher output could weigh on global prices