India’s sugar production likely to go up 12% to 30.5 million tonnes in Sugar Year 2021: ICRA

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The domestic sugar production is likely to go up by 12 per cent to 30.5 million tonnes during the sugar year 2021, beginning October, due to availability of sugarcane in Maharashtra and Karnataka, according to an ICRA report. This forecast is after adjusting for the impact of the diversion of B-heavy molasses and sugarcane juice […]

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Maharashtra sugar mills to sign separate agreements with farmers for supply and payments

Sugar factories in Maharashtra will now have to sign separate agreements with farmers for cane registrations, cane supply and Fair and Remunerative Price (FRP) payments to the growers from the next sugar season (SS) of 2020-21, according to a new notification issued by the Maharashtra Sugar Commissioner. Earlier factories would sign a single agreement with […]

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Downward revision in the sugar production to support the domestic sugar prices in the near term: ICRA

Domestic sugar production estimates for sugar year SY2020 are revised downwards by 7.8% to 26 million tonnes from the earlier preliminary estimate of 28.2 million tonnes (given by ISMA in July 2019). This along with the expected exports of 3.5 million tonnes (as against the government’s target of 6 million tonnes) in SY2020 is likely […]

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