Sugar Output Lower By 26% Compared To Last Year As On Mid January 2020

According to a latest update from the Indian Sugar Mills Association (ISMA), a total of 440 sugar mills are in operation in the country as on 15th January 2020 and have produced 108.85 lac tons of sugar, as compared to 147.40 lac tons produced by 511 sugar mills as on 15th January' 2019. This is 38.55 lac tons or 26% lower as compared to last season's production for the corresponding period.

In Uttar Pradesh, 119 sugar mills have produced 43.78 lac tons till 15th January, 2020, with an average recovery of 10.83%. In the last 2018-19 SS, 117 sugar mills were in operation on 15th January, 2019 and they had produced 41.93 lac tons of sugar with an average recovery of 10.97%.

In Maharashtra, 139 sugar mills, which are in operation, have produced 25.51 lac tons till 15th January, 2020, as against 189 sugar mills which had produced 57.25 lac tons last year upto same period. As per reports of Commissioner (Sugar), Maharashtra, three sugar mills, one each in Ahmednagar, Aurangabad and Beed Districts have closed their operations mainly due to non-availability of labour for harvesting and less availability of sugarcane.

A total of 63 sugar mills in Karnataka are in operation on 15th January, 2020, who have produced 21.90 lac tons of sugar, as compared to 26.76 lac tons produced by 65 sugar mills in 2018-19 SS on 15th January, 2019.

Based on satellite images of the cane area remaining to be harvested, trend of recovery, yield and drawal percentage of sugarcane achieved so far, ISMA will come out with its second advance estimates of sugar production for 2019-20 SS in February 2020.
The total finalized quantity of Ethanol to be supplied after first tender stood at 156 Cr ltr, out of which the finalized quantity of Ethanol to be supplied made from B heavy molasses and sugarcane juice stands at 61.63 Cr. ltr and 10.60 Cr. ltr., respectively. It is learnt that the second round of tender is expected to be floated by OMC's shortly.

As per reports, cane price arrears as on 30th November 2019 was around Rs. 4500 crore, for the cane purchased during the season 2018-19, while the same figure for the season 2017-18 stood at around Rs. 2500 Cr as on 30th November, 2018.

Powered by Capital Market - Live News