The ailing Maharashtra cooperative sugar sector sees its fortunes reviving with the prospective installation of the three-party government in Maharashtra, which has the support of the Sharad Pawar-led Nationalist Congress Party (NCP), says a Business Standard report. A request for working capital support that the mills had made to Maharashtra State Co-op Bank Ltd, the apex bank in the state for cooperative lenders, […]
World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, the UN food agency said in its latest report. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged […]
Sugar mills in India produced 18.85 lakh tonnes (LT) of sugar till November 30 in the current sugar season, 54 per cent lower than the 40.69 LT produced during the corresponding period in the previous year, the Indian Sugar Mills Association (ISMA) said in a statement. The shortfall is mainly on account of the delayed […]
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 […]
The Cabinet has approved extension of norms for mandatory packaging of foodgrains and sugar in jute material for the Jute Year 2019-20. The decision taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, mandates that 100 per cent of the foodgrains and 20 per cent of sugar will be mandatorily […]
Global sugar production for 2019/20 is estimated down 6 million tonnes to 174 million primarily due to the 5-million tonne drop in India resulting from lower area and expected yields, the United States Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) said in its latest report. Brazil and India are essentially tied as top producers. […]
India’s sugar production declined 64 per cent to 4.85 lakh tonnes till November 15 in the current marketing year that started last month as mills in Maharashtra have not yet begun their operations, industry body ISMA said. Sugar marketing year runs from October to September. Maharashtra is set to start its crushing season from 22 […]
As the Rs 15,000 crore soft loan scheme for sugar mills is moving at a snail’s pace, the government has extended the moratorium period for repayments by six more months, according to sources. Now, the moratorium period is one-and-a-half years. A moratorium period is a time during the loan term when the borrower is not […]
World meat production is expected to decline in 2019 for the first time in more than two decades, as the African Swine Fever outbreak in China decimates pig herds, according to the Food and Agriculture Organization of the United Nations. Production of bovine, ovine, poultry and pig meats is forecast to total 335 million tonnes in carcass […]
India’s out-year centrifugal sugar production will decline for the second consecutive year to 29.3 million tonnes, which is 14.6 per cent below the previous season, according to the latest data compiled by United States Department of Agriculture (USDA). This forecast includes 620,000 tonnes of khandsari (a local type of low-recovery sugar prepared by open-pan evaporation) […]
