Page 5 - Sugar Production

Floods, polls in Maharashtra pull down sugar production by 50% to 1.9 MT

Sugar mills have signed contracts for 1.5 MT of exports to Iran, Africa, etc

Indian traders selling old season sugar to Iran after subsidy: Report

Exports from the world's biggest sugar producer could put pressure on global prices but will help India reduce its inventories that have driven down domestic prices

UP sugar mills demand abolition of molasses quota for distilleries

Private millers lament industry subsidising Rs 350 crore to liquor manufacturers

ISO forecasts global sugar deficit of nearly 5 mn tonnes in 2019-20

The ISO noted that consumption growth was expected to be below the 1.8 per cent average seen up to 2016-17

Surplus sugar 'big problem', mills should produce ethanol instead: Gadkari

Gadkari was speaking at the 'Sugar Conference 2020', organised by the Maharashtra State Co-op Bank Ltd here

Output fall won't push sugar prices much beyond MSP of Rs 31 per kilogram

In the 2018-19 season, the government had facilitated creation of a 3 million tonnes sugar buffer stock with an expenditure of around Rs 1,550 crore. The validity of the buffer stock expired on June 3

Sugar output seen falling 14% next season, opening stock to hit record high

Industry pins hope on exports, ethanol procurement by OMCs for buoyancy; opening stock in Oct 2019 seen at thrice 'normative requirement' of 5 mn tonnes in carryover stock

Indian sugar output reaches 32.11 mn tonnes in Oct-Apr; to hit new record

The country's sugar output during the 2017-18 marketing year (October-September) was a record 32.5 million tonnes

Sugar production may be revised lower despite initial optimistic trend

Maharashtra may produce significantly lower quantities of the commodity this year due to drastically lower rainfall and white grub infestation

Sugar production rise 7 pc during Oct-Dec 2018 to 110.5 lakh tonnes

Maharashtra and Karnataka sugar mills started their crushing earlier this year and this resulted in rise in output in the first quarter of 2018-19 marketing year

Australia takes India to WTO over 'market distorting policies on sugar'

Australia alleges that subsidies, which have seen Indian sugar production leap from an average 20 mn tonnes to 35 mn tonnes this year, far exceed level of farmer assistance permitted under WTO rules

Drought, pests set to cut India's sugar output by almost 3 million tons

National yields likely dropped about 10 per cent due to erratic rain across the country

Sugar output may fall marginally as govt hikes procurement price of ethanol

Sugar output likely to drop marginally if mills make ethanol directly from B-molasses

Sugar stocks gain as Cabinet hikes ethanol price by 25%

Simbhaoli Sugars, Shree Renuka Sugars, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Avadh Sugar & Energy, Ugar Sugar Works and Magadh Sugar & Energy were up in the range of 5% to 20% on the BSE.

Shift to ethanol needs sound govt policy: International Sugar Organisation

Diversification of surplus sugar into ethanol is big and we at ISO seriously think that it is a recipe for India, says ISO DG Jose Orive

Sweet spike: India set to replace Brazil as biggest producer of sugar

Inability to divert surplus sugarcane to ethanol is hurting millers

Sugar production in Maharashtra is set for a new record for crushing season

Prices, therefore, are likely to be under pressure through this year and next year

India's sugar production likely to rise 12% as Maharashtra output doubles

The higher-than-expected output could pressure local prices and force the world's second-biggest sugar producer to remove a tax on exports

Sugar traders seek import duty hike after Pak sops

This comes when the price of sugar in India has been falling since the start of the current cane crushing season

Govt to lift sugar stockholding cap; may raise duty if price fall persists

Sugar mills' revenue and profit are likely to be under pressure in the ongoing crushing season (the current sugar year, 2017-18, formally began on October 1), after recovering marginally in the 2016-17 season. For, there has been a sharp decline in their product prices, following estimates of higher cane output. Seasons 2014-15 and 2015-16 were bad for profitability; things improved in 2016-17, with many large mills showing a rise in net profit, following estimates of lower sugar production. There was s sharp rise in the prices of sugar and molasses, to a peak of Rs 36-37 a kg and Rs 8,800 a tonne, respectively. Prices of both did drop subsequently but their average realisation remained substantially higher than the cost of sugar production. This year, however, the scenario has again turned against mills, with a fall in prices of both sugar and molasses. "At the current prices, mills are going to incur losses this year. The government is thinking about 120 crore consumers, putting ...