Ethanol policy might lead to a cut in India’s sugar production to 30.5 million tonnes next season

India’s sugar production is likely to decline marginally to 30.5 million tonne in the next 2021-22 season as more sugarcane is being diverted for ethanol making. Sugar production was estimated to have reached 31 million tonne in the 2020-21 season (October-September). India is the world’s second biggest sugar producer after Brazil. “Sugarcane crop by and […]

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India’s sugar exports touch 5.11 million tonnes so far this year: AISTA

India’s sugar mills have exported 5.11 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September 2021, with maximum shipments to Indonesia, noted All India Sugar Trade Association (AISTA). About 2,02,521 tonnes of sugar is under loading. An additional 6,78,237 tonnes of sugar is in transit for delivery to port-based […]

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Maharashtra sets up high level committee to probe into co-op banks loans to sugar mills

The state government of Maharashtra has set up a high-level committee, led by principal secretary (financial reforms) Rajgopal Deora to probe into the loans by cooperative banks to several cooperative sugar and spinning mills despite negative NDR (net disposable resource). The state government had stood in as the guarantor for the loans since the RBI and NABARD […]

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India’s sugar production up by 13% to 305.68 lakh tonnes in 8 months

India’s sugar production rose by 13 per cent to 305.68 lakh tonnes in the first eight months of the current marketing year ending September, mainly due to higher output in Maharashtra, according to trade data. Sugar marketing year runs from October to September. “Sugar mills across the country have produced 305.68 lakh tonnes of sugar between October 1, 2020 […]

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As crushing season ends in Maharashtra, the state’s sugar output stands at 106.3 lakh tonnes

As Maharashtra’s 2020-21 sugar season came to an end, the state has produced 106.3 lakh tonnes of sugar after crushing 1,012 lakh tonnes of cane during the season. The state’s sugar recovery was a hefty 10.50 per cent, officials of the Maharashtra Sugar Commissionerate said to Financial Express. Around 190 sugar mills, including 95 cooperative and 95 private mills, […]

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India cuts sugar export subsidy to Rs 4,000 per tonne from Rs 6,000 a tonne on global price rise

India’s food ministry slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices. However, this may not impact exports much, as of the existing quota of 6 million tonnes, around 5.7 million tonnes have already been contracted at the older subsidy rate of Rs 6.000 per tonne. For the […]

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