WebinarsNew
Deep DiveNew
Explore Business Standard
Ex-mill sugar prices fell nearly 30 per cent to Rs 47 per kg on Monday, from a peak of Rs 67 per kg on August 18, following a series of government interventions, but the drop has yet to filter down to retail shelves, industry sources said. While the decline in ex-mill rates gets reflected almost immediately in wholesale markets, retail prices tend to lag. Retailers who bought stock at the earlier, higher rates are unwilling to sell at a loss and will continue pricing their existing inventory at the older rate until it is exhausted, the sources explained. A retailer typically holds 10-15 bags of sugar, each weighing 50 kg. Only once fresh stock is procured at the lower rate will retail prices adjust accordingly. "It takes at least ten days to reflect changes in the retail price," an industry source said. On Sunday, retail sugar was selling at Rs 64.23 per kg, against a wholesale rate of Rs 59.72 per kg. WHY EX-MILL PRICES FELL ------------------------------ The decline follows t
Retail sugar prices have shot up to Rs 70 per kg in Kolkata markets ahead of the festive season, traders said on Friday. Prices have surged by Rs 20 a kg in the past month alone, while the last four to five days have seen a sudden 10 per cent jump, they said. Sugar-associated products such as jaggery, batasa (sugar drop), and nakuldana are also witnessing a similar spike. The Centre on Thursday evening allowed sugar mills to import one million tonne of raw sugar, a measure last resorted to a decade ago, but its impact is yet to trickle down to retail markets, traders said. The government has also imposed a stockholding limit on bulk customers who consume more than 10 tonne of sugar a month, capping their stock at 15 days' consumption. Confederation of West Bengal Trade Association (CWBTA) president Sushil Poddar said there was no control over sugar mills, with wholesale prices already touching Rs 65 a kg. "I sold loose sugar at Rs 65 just three days ago, but today I can't sell bel
India's sugar production rose 7.32 per cent to 27.52 million tonne so far in the 2025-26 marketing season, driven by higher output in Maharashtra and Karnataka, industry body ISMA said on Thursday. The output stood at 25.64 million tonne in the year-ago period (till April 30). The sugar marketing season runs from October to September. According to the Indian Sugar and Bio-energy Manufacturers Association (ISMA), Maharashtra, the country's largest sugar-producing state, saw production climb to 9.92 million tonne from 8.09 million tonne, while Karnataka's output rose to 4.80 million tonne from 4.04 million tonne. Uttar Pradesh, however, saw the output falling to 8.96 million tonne from 9.24 million tonne a year earlier. ISMA projected total production for the 2025-26 marketing season at 29.3 million tonne after ethanol diversion, up from 26.12 million tonne recorded in 2024-25. Milling activity has wound down sharply, with only five factories still operational compared with 19 at th
India's sugar production rose 22 per cent to 15.9 million tonnes by January 15 in the 2025-26 season from a year earlier, supported by higher cane supplies and better yields, industry body ISMA said on Tuesday. Output stood at 13 million tonnes in the same period last year, the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) said in a statement. Around 518 mills were operational as of Jan 15, compared with 500 a year ago. The sugar season runs from October to September. Production in top producing state Maharashtra rose 51 per cent to 6.45 million tonnes from 4.27 million tonnes a year ago, while output in Uttar Pradesh increased to 4.6 million tonnes from 4.28 million tonnes. Karnataka's output rose to 3.1 million tonnes from 2.75 million tonnes in the year-ago period. "India's sugar sector has made steady progress so far in the 2025-26 season, supported by adequate sugarcane availability, improved field-level productivity, and smoother operations across major ...
India's sugar production rose 23.43 per cent to 11.83 million tonnes in the first three months of the ongoing 2025-26 season on sharp rise in Maharashtra output, cooperative body NFCSF said on Wednesday. Sugar production stood at 9.56 million tonnes in the year-ago period, while the total output remained 26.18 million tonnes in the entire 2024-25 season (October-September). As on December 31, around 499 mills crushed 134 million tonnes of sugarcane, achieving a sugar output of 11.8 million tonnes at an average sugar recovery of 8.83 per cent, National Federation of Cooperative Sugar Factories Ltd (NFCSF) said in a statement. Sugar output in Uttar Pradesh, the country's largest sugar producing state, increased to 3.56 million tonnes during October-December period of 2025-26 season from 3.26 million tonnes in the year-ago. Sugar output in Maharashtra, the country's second largest producer, rose 63 per cent to 4.87 million tonnes from 2.99 million tonnes, while that of Karnataka,
India's sugar production rose 43 per cent to 4.11 million tonnes in the first two months of the 2025-26 marketing year, driven by strong output from Maharashtra, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said on Tuesday. Production stood at 2.88 million tonnes in the same period a year earlier. The marketing year runs from October to September. "Field-level feedback points to healthier cane yields and better sugar recovery rates across key states versus last year, as sugarcane crushing gains momentum across the country," ISMA said in a statement. The number of operating factories rose to 428 this year from 376 in the year-ago period. Production in Uttar Pradesh, the country's largest sugar producing state, reached 1.40 million tonnes through November, up from 1.28 million tonnes a year earlier. Output in Maharashtra, the second-largest producing state, surged to 1.69 million tonnes from 460,000 tonnes in the year-ago period. Production in Karnataka, the .
India's sugar production is expected to rise 18.58 per cent to 30.95 million tonnes in the 2025-26 marketing year that began in October, up from 26.1 million tonnes in the previous year, industry body ISMA said on Tuesday. The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) said opening stocks stood at 5 million tonnes, while ethanol diversion is estimated at around 3.4 million tonnes for the current year. Total sugar availability, including opening stocks and higher production, would reach 35.95 million tonnes in 2025-26, exceeding domestic requirement of 28.5 million tonnes, ISMA said in its first advance estimate for the new marketing year. The higher output is expected on increased production in the top three sugar-producing states - Maharashtra, Uttar Pradesh and Karnataka, ISMA said. Maharashtra's production is pegged at 13 million tonnes, Uttar Pradesh at 10.32 million tonnes and Karnataka at 6.35 million tonnes for 2025-26. "With a comfortable sugar balance, ...
India is estimated to have exported 7.75 lakh tonnes of sugar in the marketing season that ended September, trade body AISTA said on Sunday, urging the government to announce an early export quota for the new season. The sugar marketing season runs from October to September. Sugar exports for the 2024-25 marketing season in India were allowed on January 20, 2025. The total quantity permitted for export was 10 lakh tonnes. According to the All India Sugar Trade Association (AISTA), mills have exported a total of 7.75 lakh tonne between February and September of the 2024-25 marketing season. Out of which, white sugar exports were at 6.13 lakh tonne, refined sugar 1.04 lakh tonne and raw sugar at 33,338 tonne till September this year. About 21,000 tonnes of raw sugar were delivered to the refinery in SEZ, considered to be deemed exports. Of the total exports undertaken so far, maximum shipments have been to Djibouti at 1.46 lakh tonnes, followed by Somalia at 1.35 lakh tonnes, Sri L
India's sugar production is expected to rise 18 per cent to 34.90 million tonnes in the 2025-26 season starting in October, with a scope for exports of 2 million tonnes, the Indian Sugar and Bio-energy Manufacturers Association (ISMA) said on Thursday. Sugar production is estimated at 26.10 million tonnes in the current 2024-25 season (October-September). "The sugar production is estimated to be higher at 34.90 million tonnes with upward bias and there is scope for export of 2 million tonnes in 2025-26 season," ISMA President Gautam Goel told reporters while releasing the first preliminary estimate. About 5 million tonnes of sugar can be diverted next season for ethanol production compared with 3.5 million tonnes in the current season, he said. The government has allowed exports of 1 million tonnes in the current season. Goel said the industry body will seek "timely" permission for 2 million tonne sugar exports, higher diversion for ethanol, an increase in the minimum selling pric
India's sugar closing stock is projected at 4.8-5 million tonne, enough to meet domestic demand in October-November 2025, despite falling production in the current 2024-25 season, the National Federation of Cooperative Sugar Factories (NFCSF) said on Thursday. Sugar season runs from October to September. Sugar output declined 18.38 per cent to 25.74 million tonne till May 15 of the 2024-25 season, compared with 31.54 million tonne in the year-ago period, the cooperative body said. The production drop stems from lower sugar recovery rates, which fell to 9.30 per cent from 10.10 per cent, and reduced cane availability for crushing. Total cane crushed decreased to 276.77 million tonne from 312.26 million tonne in the same period. NFCSF projects overall 2024-25 season sugar production at 26.11 million tonne, down from 31.9 million tonne in the previous season. "The closing stock at the end of the season is projected to be around 4.8-5 million tonne, which is sufficient to meet domesti