Page 3 - Indian Sugar Industry

Govt bans sugarcane juice, syrup for ethanol making in 2023-24 supply year

The Centre on Thursday banned the use of 'sugacane juice and sugar syrup' for ethanol production in the 2023-24 supply year that started this month, in order to maintain adequate sugar availability for domestic consumption and to keep prices under check. However, the government has allowed use of 'B-molasses' for ethanol production in 2023-24, a move which sugar industry bodies welcomed. In a letter issued to all sugar mills and distillers, the Food Ministry directed them "not to use sugarcane juice /sugar syrup" for ethanol production during the 2023-24 ethanol supply year (December-November). The directive was issued as per clause 4 and 5 of the Sugar (Control) Order 1966. "Supply of ethanol from existing offers received by Oil Marketing Companies (OMCs) from B-Heavy molasses will continue," Food ministry said in the letter. The decision by the ministry comes in the backdrop of estimated fall in sugar production in 2023-24 marketing year (October-September). Welcoming the move,

Sugarcane crushing in full swing across country, says sugar trade body

The sugarcane crushing operation in the 2023-23 season is in full swing post-Diwali across the country, trade body AISTA said on Tuesday. Sugar season runs from October to September. "The crushing operation is in full swing across the country now. All sugar factories have started the crushing," All India Sugar Trade Association (AISTA) chairman Praful Vithalani told PTI. Some mills had begun the crushing operation during mid-October. However, it picked up post-Diwali, he said. There are about more than 700 installed sugar factories in the country with crushing capacity of about 340 lakh tonnes of sugar, as per the official data. The country's total sugarcane production is estimated to be higher at 434.79 million tonnes in the 2023-24 crop year (July-June), as against 422.25 million tonnes in the previous year, as per the first estimate released by the agriculture ministry. There was an opening stock of sugar at 5.7 million tonnes as of October 1 in view of slight decline in the .

India's sugar demand-supply tightly balanced as world deficit shrinks

Their assumption is based on the sugarcane crushing that has taken place in major growing states in the first month and half of the 2023-24 new season

Brazil offers ethanol tech to India, eyes to resolve sugar dispute at WTO

Brazil has offered to share its ethanol production technology with India as part of efforts to resolve a sugar related dispute between the two countries at WTO (World Trade Organisation), an official said. The South American nation in its proposal has stated that the ethanol production technology would help India to use surplus sugar in making ethanol. The offer can help India utilise its excess sugar output and ease competition for Brazil in the international sugar market. Brazil is the largest producer of sugarcane and ethanol in the world. It is a leader in the technology used for ethanol production. It is also the largest exporter of sugar in the world. India is the world's second-largest producer. The proposal could benefit India as it aims to gradually increase the percentage of blending of ethanol in petroleum auto fuels and reduce dependence on imported crude oil. "Brazil has a flex technology. They do ethanol blending. That technology is good for India also. Brazil has ar

Diwali bonanza: Uttar Pradesh may raise SAP for sugarcane farmers

State utility clears Rs 1,361 cr pending dues to Bajaj Hindusthan Sugar

Govt gives final warning to sugar traders to disclose stocks by Oct 1

The government has given a final call to all legal entities engaged in sugar trade to declare their stocks on a food ministry website by October 17, and warned that strict action will be taken against those for violation. On September 23, the Food Ministry had issued an order directing all sugar stakeholders -- wholesalers, retailers, big chain retailers and processors -- to weekly update their stock position on its website. The Ministry, however, observed that many of the legal entities dealing with sugar trade/storage have "still not registered" themselves on the sugar stock management system. "Various instances have been reported to the Directorate of Sugar and Vegetable Oils, where many of these legal entities are having possession of a substantial quantity of unreported sugar stocks," the ministry said in a letter written to all stakeholders. There are cases where these entities are not updating their sugar stock on a regular basis, it said, adding this not only violates the .

Scanty rains diminish sugar output, export prospects; farmers worried

SATARA/SANGLI/SOLAPUR, India (Reuters) - Sugarcane growers in India's top producing states are worried scanty rainfall during the crop's crucial growth period could trim yields and reduce sugar output in the upcoming season, farmers and industry sources told Reuters.

Sugar production declines 9% in 2022-23 season due to low recovery

Sugar production has also fallen in Karnataka and Gujarat

ISMA lowers 2022-23 sugar output and ethanol diversion estimates

However, several industry players said despite fall in sugar production, ethanol diversion will be steady at 4.5 million tonnes as against 3.6 million tonnes in 2021-22 (October to September)

India's sugar output drops 5.4% y/y as mills close early, worst in Maha

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

India won't allow new sugar exports to prevent domestic shortages

India, which vies with Brazil as the world's biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies

India likely to keep lid on sugar exports as output dips: Reports

India is not looking at allowing more sugar exports, government and industry officials said on Thursday

Sugar mills enter into contract to export 5.5 mn tonne of sweetener

Sugar mills have entered into contracts to export 55 lacs tons of sweetener so far in current marketing year ending September and out of that, according to industry body ISMA

India's 2022-23 sugar output to fall on adverse weather: Industry official

India, the world's biggest sugar producer and the second biggest exporter, had produced a record 35.9 million tonnes of sugar in the previous season ended on Sept. 30, 2022

Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER

Globally, supply is expected to ease as output in Brazil and Thailand, both major producers, is likely to revive

Sugar mills clinch export deals within days of govt approval, says dealers

The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly

India's sugar output to be higher at 36.5 mn tonnes in 2022-23: ISMA

India is expected to produce around 36.5 million tonnes of sugar in the new season that began on Oct 1, a leading industry body said on Monday

Sugar producers sign deals in 'golden opportunity' on tight global market

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year

Govt permits exporters to ship raw sugar to US under TRQ till Dec 31

The government on Wednesday permitted the export of specified quantity of raw sugar to the US under the Tariff-Rate Quota (TRQ) till December-end this year. Earlier, it was permitted till September 30. "The validity for export of raw sugar to the US under TRQ has been extended from September 30, 2022 to December 31, 2022," the Directorate General of Foreign Trade (DGFT) said in a public notice. TRQ is a quota for a volume of exports that enters the US at relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. In May, the government permitted additional export of 2,051 metric tonne of raw sugar under the TRQ to the US for its fiscal year ending September 30, 2022. With this quantity, total sugar export to the US under TRQ during its fiscal year 2022 would be 10,475 MT. India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as

India could approve sugar exports in two tranches from Oct: Report

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of farmers and consumers