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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In the last phase of the current sugar season, Maharashtra sugar production estimates an output of 107 lakh tonnes

The 2020-21 sugar season in Maharashtra is in its last leg and is likely to end by 15 May 2021. Sugar production has already touched 105 lakh tonnes and is likely to reach 107 lakh tonnes, Shekhar Gaikwad, state sugar commissioner, told Financial Express. So far, the state has crushed some 999.50 lakh tonnes of […]

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India has exported almost 25 lakh tonnes of sugar till now: AISTA

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Indian sugar mills have exported 24.9 lakh (2.49 million) tonnes of sugar so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said. “Mills have contracted to export 3.33 million tonnes of sugar so far as against the 6 million tonnes quota assigned by the food ministry,” […]

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Concerned over dip in sugar sales, industry bodies ask for government relief

Sugar sales have plummeted by nearly 1 million tonnes since March 2020 after demand took a hit as Covid lockdown and subsequent extension of restrictions lowered consumption of many sweetened products including confectionery, soft drinks, chocolates, and sweetmeats among others.  “Even as businesses pick up, it is unclear how quickly demand will recover with subdued sugar […]

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