Sugar News

Sugar production forecast lowered

18-Feb-2019

Sugar output is expected to be lower at 30.7 million tonnes in the ongoing marketing year 2018-19 because of a diversion for ethanol making, crop damage from untimely rains and pest attack in some states.
 
Lowering its estimate by 2.53 per cent, industry body ISMA said sugar production is estimated to be around 30.7m tonnes in the current marketing year taking into account expected yield and sugar recovery in the balance period of this year.
 
“This is after considering an estimated diversion of 5 lakh tonnes of sugar into production ...

Mills to sell sugar at Rs 31/kg now from Rs 29 earlier- Ram Vilas Paswan

15-Feb-2019

NEW DELHI: Sugar mills cannot sell the sweetener below Rs 31 per kg, the government announced Thursday, a move that will boost the liquidity of cash-strapped millers and help clear mounting cane arrears of around Rs 20,000 crore. 
 
The Centre has hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31, Food Minister Ram Vilas Paswan said. 
 
MSP is the rate below which the mills cannot sell sugar in the open market to wholesalers and bulk consumers like beverage and biscuit makers. 
 
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Farmers, factories lock horns over seizure of sugar

01-Feb-2019

KOLHAPUR: Swabhimani Shetkari Sanghatana (SSS) has set a week's deadline for the government to seize sugar from the factories and clear the farmers' dues while the mills have threatened to stop operations if such action was taken against them.
Unrest among sugar cane farmers over delayed and part payment by factories had taken a violent turn on January 12 with a group of agitating peasants setting afire offices of two sugar mills and forcibly closing down four in Satara, Sangli and Kolhapur districts.
Tension prevailed in the Kolhapur regional office of sugar commissioner ...

Mixed trend in sugar market

01-Feb-2019

Sugar prices at Vashi witnessed ₹4-5 volatility as per quality and ruled steady at Naka and mill level on Thursday. Bulk and retail demand remained subdued-lower due to month end. Freight rates were stable. On Wednesday hardly 13-14 mills sold 18,000-20,000 bags at ₹2,900-2,950 of S-grade and ₹2,950-3,050 of M-grade. Naka delivery rates : S-grade ₹3,010-3,050 and M-grade ₹3,040-3,100.

Published on January 31, 2019
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Little impact on Maharashtra sugar output despite widespread pest attack

01-Feb-2019

Sugar production in Maharashtra is estimated to decline only by 0.5 per cent this year, despite reports of widespread white grub pest infestation in the standing cane crop in parts of drought-hit regions.
 
Apex sugar trade body All India Sugar Trade Association (AISTA) on Thursday estimated sugar output in Maharashtra at 10.1 million tonnes for the ongoing crushing season 2018-19 compared to 10.7 million tonnes produced the last season. With this, Maharashtra is second top sugar producer in India, after 11.6 million tonnes estimated output in Uttar Pradesh.
 
 
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As FRP due rise, Maharashtra sugar millers seek CM intervention to prevent punitive action

01-Feb-2019

The Maharashtra State Cooperative Sugar Factories Federation (MSCSFF) has approached chief minister Devendra Fadnavis, seeking his intervention to prevent punitive action against sugar factories that have defaulted on Fair and Remunerative Price (FRP) payments to farmers.
 
In a representation submitted to the CM, Jayprakash Dandegaonkar, chairman of the federation, reiterated the financial distress of the sugar sector of the state and pointed out that the members of the federation have had several meetings with the CM for payment of FRP in installments and had accordingly received assurances from the government that no action would ...

DCM Shriram's 2nd distillery to be ready before next sugar season

31-Jan-2019

DCM Shriram, a diversified group which has presence in agricultural inputs, chemicals and sugar, will commission its second distillery before the coming sugar season, taking its ethanol capacity to 350 kilolitres per day (klpd), its Chairman and MD Ajay Shriram said.
 
“Our second distillery with 200 klpd capacity is scheduled to come up by September. With this, our total capacity will increase to 350 klpd, which is a good size. With four sugar mills in operation, we have adequate quantity of molasses for running these distilleries,” Shriram said on Thursday.
 

Cooperative mills produce 14 lakh quintals of sugar

31-Jan-2019

Chandigarh, January 31
 
State cooperative sugar mills have so far produced over 13.97 lakh quintals of sugar by crushing 152.57 lakh quintals of sugarcane during the current crushing season.
 
A spokesperson for the Haryana State Federation of Cooperative Sugar Mills said Cooperative Sugar Mill, Shahabad, has produced a maximum of over 2.65 lakh quintals of sugar by crushing 27.86 lakh quintals of sugarcane.
Cooperative Sugar Mill, Rohtak, has produced over 2.11 lakh quintals of sugar, Cooperative Sugar Mill, Kaithal, over 1.63 lakh quintals of sugar and Cooperative ...

Maharashtra mill starts retail sale of sugar

31-Jan-2019

In order to increase their sales, sugar mills in the state may soon start retailing sugar. The first such retail outlet, by Shreenath Mhaskoba Sakhar Karkhana Limited, was inaugurated by Sugar Commissioner Shekhar Gaikwad in Sikrapur village of Pune district, on Wednesday.
 
Usually, sugar mills sell the commodity to traders, who purchase it in bulk quantities. As part of the process, mills float tenders and traders participate in the same. Once such deals are finalised, the wholesale traders then deal with retail traders in small towns, from where the sugar passes on to the ...

Dues mount, but farmers still loyal to sugarcane

30-Jan-2019

KOLHAPUR/ MEERUT: Unrest simmers in districts of western Maharashtra and parts of Uttar Pradesh, considered the sugar bowls of the country, over unpaid cane crushing dues. Despite the problems which beset farmers, however, they have continued to cultivate a crop that means more to them than just livelihood.
Anger among farmers in Satara, Sangli and Kolhapur districts of Maharashtra over unpaid dues spilled out into the streets on January 12. A group of unidentified persons gathered outside Kranti Sugar Factory in Sangli district and Krishna Sugar Factory near Karad in Satara district and set the office ...

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