Prices of sugar in the international market have picked up after estimates of declining production in Brazil, the world’s largest sugar supplier. Global sugar prices rose by 20 per cent in April 2021. This is likely to benefit sugar exports from India, sugar industry experts from India feel. Brazilian production is estimated to be almost […]
International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level […]
Sugar mills across the country have together produced 299.15 lakh tonnes of sugar till 30 April this year, against 258.09 lakh tonnes produced at the same time last year, an increase of nearly 16%, industry body ISMA (Indian Sugar Mills Association) said. Releasing the production figures, ISMA said mills in Uttar Pradesh, the country’s largest […]
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 […]
China is expected to consume 16.44 million tons of sugar in 2030, while sugar imports will likely run at a relatively high level during the 2021-2030 period, according to the official Xinhua news agency. The country’s total sugar output is predicted to reach 11.35 million tons by 2030, thanks to an increase in the planting […]
While the state government of Maharashtra is yet to decide over the demand from the state’s sugar industry to grant mills a transport subsidy of Rs 1,500 per tonne for sales outside its borders, the sugar industry in Uttar Pradesh has said seeking transport subsidy amounts to protectionism, and that such a decision has the […]
US Department of Agriculture (USDA) has forecast India’s centrifugal sugar production at 34.7 million tonnes (MT) in marketing year (MY) 2021/2022 (October-September), increasing by 3 per cent above the previous season. This forecast includes 600,000 tonnes of khandsari1 and 34.1 million tonnes of milled sugar (equivalent to 31.8 million tonnes of crystal white sugar). The USDA […]
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,” […]
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 […]
The National Federation of Cooperative Sugar Factories (NFCSF) has asked for additional time to clear the unsold sugar quota as sales have been hit due to the pandemic. Mills are also finding it difficult to sell sugar at a government-fixed rate of Rs 31 per kg. They are facing fund crunch and not able to […]
