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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India’s rapeseed production may hit record 8.5 million tonnes in 2018-19: SEA

Rapeseed production in India in 2018/19 is expected to rise nearly 19 per cent from a year earlier to a record 8.5 million tonnes due to conducive weather and as higher prices prompted farmers to expand areas under planting, a leading trade body Solvent Extractors’ Association of India (SEA) said in a statement. Rapeseed mustard […]

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India’s wheat plantation acreage surge in rabi season 2018-19; rice, pulses, oilseeds decline

According to the latest official data from the ministry of agriculture, wheat sown in India reached 298.47 lakh hectare so far in the rabi season 2018-19 as against 299.84 lakh hectare a year ago. Sowing of wheat, the main rabi crop, begins from October and harvesting from March-April. However, sowing of rice, pulses, coarse cereals and oilseeds […]

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Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India

Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the Agriculture Department said. Under the eNAM, launched in 2016, agri-trading was initially allowed within a mandi and later inter-mandi within a state was permitted. So far, 10 states are offering inter-mandi trade within […]

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India’s sugar output seen falling marginally this fiscal; new numbers expected next month

India’s sugar output is likely to decrease marginally this year due to the possibility of lower cane yields because of white grub infestation in Maharashtra and water logging in the cane fields of Uttar Pradesh. The Indian Sugar Manufacturers Association (ISMA) is scheduled to meet on November 29 to arrive at the final sugar output figure for the current season, which started […]

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India’s Uttar Pradesh and Maharashtra battle with sugar bounty after crushing record sugarcane

India’s Uttar Pradesh state has produced a record 62.71 lakh tonnes of sugar during the current sugarcane crushing season with a recovery of 10.35 per cent – the highest in recent years. Maharashtra too has crushed 620 lakh tonnes of sugarcane, producing 66.89 lakh tonnes of sugar. A UP government spokesman said in a statement […]

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