Sugar output crosses 31mn tonnes in India

Sugar output crosses 31mn tonnes in India

by | May 25, 2021 | Business, Commodities, Commodities News, Economy, Emerging Businesses, Markets, News, SMEs

SugarcaneNew Delhi : Sugar production in the country crossed a record 31 million tonnes mark this year and the total production will be around 32 million tonnes when the season ends, the Indian Sugar Mills Association (ISMA) said on Thursday.

“Till April 30, sugar mills have produced 31.03 million tonnes of sugar in the current season. With 130 sugar mills still operating, majorly in Uttar Pradesh, it is expected that sugar production during the current season might end up between 31.5-32 million tonnes,” it said in a statement.

According to ISMA, sugar mills in Maharashtra produced 10.65 million tonnes till April 30 and barring 15 mills all others in the state had ended their operations.

“As regards Uttar Pradesh, they have produced 11.2 million tonnes of sugar till April 30 and 80 out of 119 sugar mills are continuing their crushing. Some of these mills are closing fast, whereas few are expected to continue crushing till the second week of May 2018,” it said.

In Karnataka, all the sugar mills have stopped their operations and they produced 3.63 million tonnes during the current season.

“Sugar production in Bihar, Punjab and Haryana during the current season has reached record levels in their history at 0.71 million tonne, 0.8 million tonne and 0.72 million tonne respectively. While all mills in Bihar have stopped crushing, a few mills in Punjab and Haryana are still operating,” it said.

In Gujarat and Tamil Nadu, the production was 1.09 million tonnes and 0.71 million tonnes respectively. Andhra Pradesh and Telangana collectively produced 0.53 lakh tonnes.

—IANS

Sugar production hits 282 lakh tonne

Sugar production hits 282 lakh tonne

by | May 25, 2021 | Commodities, Commodities News

sugarcaneNew Delhi : India produced 281.82 lakh tonnes of sugar during October-March 2017-2018, the Indian Sugar Mills Association (ISMA) said here on Tuesday.

“This (281.82 lakh tonne) is about 92.95 lakh tonne higher than last year, which was expected, since the estimated sugar production in the current season is about 45 per cent higher than the last season,” ISMA said in a statement.

Out of the total 524 sugar mills engaged in operating and crushing canes in the ongoing season, 193 have completed crushing, it said. A few more mills in Maharashtra and Karnataka might also end crushing in a couple of days’ time.

Top sugar producers of Uttar Pradesh, Maharashtra and Karnataka produced 95.40 lakh tonne, 101.27 lakh tonne and 35.56 lakh tonne, respectively, till March 31, it said.

The average wholesale prices of sugar across the country have crashed below the production cost by Rs 500-600 to Rs 3,000 per 100 kg due to the unexpected supply surplus, the sugar mills’ body said.

“Though the government has announced MIEQ (minimum indicative export quota) of 20 lakh tonne for exports to move some surplus stocks out of the country, due to depressed world sugar market, sugar importers are offering an FOB (freight on board) price at the port of around $350 per tonne for exports.”

The government on March 28 had directed mandatory export of 20 lakh tonne of sugar under MIEQ in the ongoing sugar marketing year (October-September).

—IANS