For the sugar season which has started, the annual production is estimated to be 326 lakh tonne, without any diversion towards ethanol, and the season has started with opening stock of 107 lakh tonne. Thus India’s sugar stock at the end of the season is estimated to be a whopping 433 lakh tonnes. Domestic consumption […]
Sugar production in India, the world’s second-largest producer, has surged nearly three-folds to 14.10 lakh tonnes in the 2020-21 season so far due to better crop output and timely commencement of the crushing operation, industry body ISMA said. Sugar production stood at 4.84 lakh tonne in the same period of the 2019-20 season (October-September), it […]
Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 100.9 points in October 2020, […]
World’s second-largest economy China has sharpened its attack on leading trading partner Australia — a phenomenon that appears in line with its harsh trade stance against those countries that have criticised its handling of the Covid-19 pandemic outbreak as well as its strong-arm military tactics. China banned imported timber from Australia’s Queensland and barley shipments […]
India’s sugar industry has urged the government to raise the minimum price of sugar to Rs 34.50 per kilogram, highlighting that mills are required to buy sugarcane from farmers irrespective of whether there is surplus inventory or not. “This is even when there is surplus sugar inventory, which the mills are unable to sell even […]
The global benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019. […]
Sugar millers may now export sugar up to their allocated quota till December as the government has extended the deadline by three months, PTI reported, citing a senior food ministry official. Amid a surplus sugar production, the government has allowed the export of 6 million tonnes of sugar under the quota for the 2019-20 marketing […]
Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released today by the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which tracks the international prices of the most commonly traded food commodities, averaged 96.1 […]
Over 35 sugar mills in Maharashtra with negative net worth are asking the state government for a loan cover. The state’s convoluted sugar economics continues to drain the exchequer. Just last year, government of Maharashtra had to shell out Rs 697 odd crore to honour the loan guarantee extended to Maharashtra State Cooperative Bank on […]
The Centre on Wednesday decided to increase the minimum price sugar mills pay to sugarcane growers by Rs 10 to Rs 285 per quintal for the next marketing year starting October 2020. A decision to increase the Fair and Remunerative Price (FRP) of sugarcane for 2020-21 marketing year (October-September) was taken in the meeting of […]
