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Showing posts with label India's sugar. Show all posts

Friday, 12 April 2019

Sugar exports surge to 17.44 lakh tonnes this year so far: Industry data

The country's sugar exports surged to 17.44 lakh tonnes so far in the current marketing year ending September, as against about 5 lakh tonnes shipped in the entire 2017-18, industry data showed Thursday.

Out of the 17.44 lakh tonnes exported between October 1 and April 6, raw sugar accounted for nearly 8 lakh tonnes, the All India Sugar Trade Association (AISTA) said in a statement.

Another 4.3 lakh tonnes are in the export pipeline, it added.

"Total sugar export contract so far is around 27 lakh tonnes, out of which 21.7 lakh tonnes have been dispatched from mills," AISTA CEO R P Bhagria told PTI.

India had exported around 5 lakh tonnes of the sweetener in the last marketing year amid lower prices in the global markets, which made Indian shipments uncompetitive.

Bangladesh, Sri Lanka, Somalia and Iran are the major export destinations, AISTA added.

The Centre has asked mills to export 50 lakh tonnes of sugar in 2018-19 marketing year (October-September) to liquidate surplus stock. The government is providing various incentives to boost sugar exports.

India's sugar production is estimated to decline to around 310 lakh tonnes this marketing year from 325 lakh tonnes in the previous year. Still, the country has surplus stock as annual domestic demand is around 260 lakh tonnes and mills are carrying a huge stock from the previous year.

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Source: Moneycontrol

Wednesday, 20 March 2019

Sugarcane acreage may fall 40% in M’rashtra next season

Pune: At a time when India and the world markets are grappling with excess sugar stocks, the area under sugarcane could decline more than 40 per cent in Maharashtra in the next season owing to drought. “Area under sugarcane in the state is likely to decline to 6-6.5 lakh hectares next year,” Vikas Deshmukh, director at Pune-based Vasantdada Sugar Institute, which is headed by former agriculture minister Sharad Pawar, said on Tuesday. A former commissioner of agriculture of Maharashtra, Deshmukh was speaking at a conference organised by the National Federation of Cooperative Sugar Factories in Pune.

Along with ratoon crop, Maharashtra’s farmers plant cane in three different seasons. This year, the adsali variety of sugarcane has been planted on about 1,19,000 hectares, down 47 per cent from last year.

In 2018, the variety, which grows in 18 months, was planted on about 2,24,000 hectares of the more than 1.15 million hectares of cane planted in the state. State government agencies have yet to compile data on planting of other varieties of sugarcane.

Currently, farmers are struggling to save the cane from wilting for want of water. They are even ready to accept lower cane price to get their cane harvested by mills before it wilts.

Though area under cane will decline next year, in the ongoing sugarcane crushing season the sugar industry has to contend with an unexpected increase in sugar production.

“Sugar production in the current season is higher than our expectations. We were expecting fall in yields due to white grub infestation. However, the increase in area under cane has probably made up for any losses due to white grub,” said Sanjay Khatal, managing director, Sakhar Sangh.

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Source: Economictimes

Wednesday, 20 February 2019

India's sugar output rises about 8% between October 1- February 15: Trade body

Indian sugar mills produced 21.9 million tonnes of the sweetener between October 1 and February 15, nearly 8 percent more than a year earlier, as a few mills started crushing earlier than usual, a producers' body said on February 20.

Mills in the western state of Maharashtra produced 8.3 million tonnes sugar during the period, up 11 percent from a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.

The world's biggest sugar consumer is likely to produce 30.7 million tonnes of sugar in the current year ending on September 30, down from 32.5 million tonnes in 2017/2018, due to lower cane yields and diversion of cane for ethanol production, ISMA said.