Government support, lower production estimates to provide some respite to Indian sugar mills in near term: ICRA

A downward revision in domestic sugar production estimate to 30.7 million tonnes, as against the first advanced estimate of 31.5 million tonnes, along with a series of government support measures – both by the central government and various state governments- commencing May 2018 have provided some relief to oversupply hit sugar mills. Mr. Sabyasachi Majumdar, […]

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COMMENTARY – Higher sugar MSP positive, but domestic surplus situation overhung

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Authors: Ms. Khushbu Lakhotia, Senior Analyst, Corporate Ratings, India Ratings and Research (Fitch Group) & Mr. Jinesh Rajpara, Analyst, India Ratings and Research (Fitch Group)  The recent hike by Rs. 2 per kilogram (kg) in the minimum selling price (MSP) of sugar to Rs.31 per kg could generate an additional income of Rs.30-35 billion for […]

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India’s soybean output to increase by 38% this year on higher yields

India’s soybean output is likely to rise significantly by 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan. Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association […]

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Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India

Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the Agriculture Department said. Under the eNAM, launched in 2016, agri-trading was initially allowed within a mandi and later inter-mandi within a state was permitted. So far, 10 states are offering inter-mandi trade within […]

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Onion export down by 7% during April-August in Maharashtra; India’s exports however increase

Maharashtra the leading onion exporter has witnessed a drop of 7 per cent in export during April-August of the current financial year, while the national export has increased by 5 per cent during the same period. Despite good quality summer onion production in Maharashtra, factors like change of ports for shipment from Mumbai to other […]

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