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 […]
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 […]
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 […]
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 […]
The Centre is likely to revise the sugar minimum selling price (MSP) by 10 per cent from its current level of Rs 29 a quintal to Rs 32 a quintal in the weeks ahead. Last year, the Union food ministry had fixed the ex-factory sugar sale price at Rs 29 a quintal to help domestic sugar mills […]
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 […]
It has been a good export season for mango growers in Maharashtra, senior officials of the Maharashtra State Marketing Board (MSAMB) said, as shipments to the US market have risen to 350 tonnes against last year’s s 54. Officials at MSAMB said that around 10 consignments have already left for Australia from locations like Lasalgaon […]
Indian government agencies had procured more than 20 million tonnes (mt) of wheat due to higher arrivals in the northern states of Uttar Pradesh and Haryana by April 23, almost one mt higher than corresponding last year’s 19.49 mt, data released by the Food Ministry showed. In Haryana, the purchases stood at 6.94 mt (6.15 […]
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 […]
India is likely to witness a record sugar output of almost 29-30 million tonnes in the 2018-19 crop marketing year that will start from October next year. Sugar production in 2017-18 is projected at 25 million tonnes. If estimates are correct, then India might have a surplus of almost 4-5 million tonnes of sugar by […]