India, the world’s second-largest sugar producer, which saw weak production during the marketing year 2019-20 due to erratic monsoons, is likely to see a 12%-14% rise in 2020-21, according to a report by Brickwork Ratings. The industry’s sugar consumption as well as sale prices are likely to improve during the new year, it said. The […]
Sugar mills in Maharashtra have managed to clear around 82.09 per cent of the fair and remunerative price (FRP) dues amounting to Rs 11,630.25 crore for the current season till February 15 and have paid excess FRP for the same period. Sugar mills in the state, however, still owe dues of Rs 2,535.96 crore for […]
The 497 sugar mills operational in the country have together produced nearly 209 lakh tonnes of sugar till February 15 as against 170 lakh tonnes in the corresponding period last year, an increase of nearly 23 per cent. According to a press release issued by industry body Indian Sugar Mills Association (ISMA), while 183 sugar […]
Global economists updated China’s economic outlook this week given the new COVID-19 situation and effects of policy support, and expect a sustainable and more balanced recovery this year. China’s economy is projected to grow by 8.1 percent this year, built on its effective pandemic containment measures and policy support, according to the latest International Monetary […]
India’s 491 sugar mills have together produced 176.83 lakh (17.683 million) tonnes of sugar in the first four months of the current sugar season, which started on October 1. In the corresponding period of the previous season, the mills produced 141 lakh tonnes. The output is up by around 25%, prompted primarily by an increased […]
Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO). FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 113.3 points in January, marking a 4.3 percent increase […]
India’s sugar output estimate has been revised lower by 8 lakh tonnes to 30.2 million tonnes for the ongoing 2020-21 marketing season (October-September), industry body ISMA said. The output has been estimated after taking into account a likely diversion of about 2 million tonne of cane juice and B-molasses for ethanol production, it said. However, […]
India’s sugar output surged 31% year on year to 14.27 million tonnes over the start of the crushing season on Oct. 1 to Jan. 15, data released by Indian Sugar Mills Association (ISMA) showed. The surge is due to an early start to cane crushing this season amid higher cane availability. A total of 487 […]
World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations reported. The FAO Food Price Index averaged 107.5 points in December, 2.2 percent higher than in November. Over the whole of 2020, the benchmark index, which tracks monthly changes in […]
India’s sugar production increased by 42 per cent year-on-year during October-December period at 110.22 lakh tonnes on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonnes […]
