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Sugar production at 299.80 lakh tonne as of April 15: ISMA

IANS  |  New Delhi 

has produced 299.80 tonne as of April 15 during the current October-September 2017-18 season, the Mills Association (ISMA) said here on Tuesday.

"production in the current season upto April 15, has crossed the expected levels and the Indian industry has already produced 299.80 tonne," ISMA said in a statement, adding that, "the actual production upto April 15 is already 50 tonne more than the estimated consumption for the whole season upto September 30".

Out of the total 524 mills which operated in the ongoing season, 227 were crushing sugarcane as on April 15, it said.

The major producers -- Maharashtra, and -- have so far produced 104.98 tonnes, 104.8 tonnes and 36.3 tonnes, the data showed.

"Since 227 mills are still crushing sugarcane, there will be a further addition to the stocks which will only increase the surplus availability over and above the domestic requirement," the statement said.

The association further said that due to the high stocks, the market price of the sweetener across the country is lower by around Rs 8 per kilogram than the production cost.

According to ISMA, mills have been unable to pay cane prices to farmers due to the depressed prices.

"As on March 15, the cane price arrears reported to the government was already over Rs 18,000 crore across the country. Since the prices have only fallen from therein, the cane price arrears would have crossed Rs 20,000 crore, which would be the highest ever at this time in any of the past seasons."

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 15:02 IST
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