Latest WASDE global agriculture output projections for April

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The latest World Agriculture Supply and Demand Estimate report from the U.S. Department of Agriculture (USDA) gave the following projections for various crops for 2018/19. World 2018/19 wheat supplies are raised 2.1 million tons due mainly to increased beginning stocks that largely reflect multi-year revisions for Iran. Global production and exports are each reduced fractionally, […]

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Government steps in to boost India’s ethanol capacities during sugar surplus

A government decision to approve Rs. 2790 crore interest subvention for extending loan amount of around Rs. 12,900 crore by banks to India’s sugar mills for augmentation of ethanol distillery capacities is a positive given the oversupply conditions, ratings agency ICRA said. The move is likely to address the current supply-demand imbalance over the medium […]

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COMMENTARY – Higher sugar MSP positive, but domestic surplus situation overhung

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Authors: Ms. Khushbu Lakhotia, Senior Analyst, Corporate Ratings, India Ratings and Research (Fitch Group) & Mr. Jinesh Rajpara, Analyst, India Ratings and Research (Fitch Group)  The recent hike by Rs. 2 per kilogram (kg) in the minimum selling price (MSP) of sugar to Rs.31 per kg could generate an additional income of Rs.30-35 billion for […]

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Indian sugar industry holds talk with South Korea

Delegation of Indian Sugar industry held talks with top representatives of all three sugar refineries in South Korea during seventh round of India-South Korea Comprehensive Economic Partnership Agreement (CEPA) to pursue the matter of exports of sweetener to the country. The negotiations were held in South Korea between December 11 and 13. South Korea imports […]

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