Page 6 - Sugar Production

Sugar production up 79% at 1.37 million tonnes till Nov 15: ISMA

In a statement, ISMA said higher output so far was on account of early crushing operation.

India eyes record sugar output in 2018-19

Initial forecast are however against such views

Sugar output may rise 25% in 2017-18 season

Indian Sugar Mills Association (ISMA) today projected 25.1 million tons crop for sugar season 2017-18 beginning October. The production is nearly 25 per cent higher than last year's 20.3 million tons. Highest producing state in 17-18 too is expected to be Uttar Pradesh with almost 40 per cent share in production. "ISMA has projected 9.95 million tons sugar production from UP and Maharashtra and Karnataka ae also expected to come back on track with Maharashtra production estimated at 7.4 million tons," said ISMA's Director General Abinash Verma.Sugar stock at the end of June was estimated at around 10 million tons and ISMA's initial estimates show June lifting was below average. Trade estimate season will close with closing stock of 3.5 to 4 million tons. Meanwhile Yesterday government has issued a notification increasing sugar import duty from 40 per cent to 50 per cent on all kind of sugar that is refined and raw sugar. The move follows sharp fall in sugar prices in last one ...

Sugar output seen higher, govt mulls help for industry

Sugar production in India is estimated to go up 25-30 per cent in sugar year 2017-18 (the year begins on October 1), with higher sowing of cane and a 11 per cent increase in the central govrnment's recommended minimum price to growers. However, high production after a year of low output could spoil sugar mills' balance sheets, with a fall in open market prices. Output is estimated to rise from 20.3 million tonnes in the season that ends this September to 26.7 mt in the next one, estimates Rabobank, the Dutch-based financial group. Industry leaders, however, estimate 25-25.5 mt. As a preventive, the central government is considering measures to protect the industry and farmers' realisations. These include a rise in the import duty from the present 40 per cent, a higher ethanol price for supplying to oil marketing companies (OMCs) and reviewing the goods and services tax rates for ethanol and molasses. The import duty rise could come any time and be up to 20 per cent higher, to ensure ..

Best of sugar cycle might be over

Higher output estimates will limit realisation gain, while higher cane prices will push up costs