Page 4 - Indian Sugar Industry

Centre likely to allow 1.2 MT additional sugar exports this season

Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT

Sugar output may fall; still there'll be 8 mt surplus for exports: ISMA

ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.

India's sugar output in 2022-23 may dip slightly to 35.5 mn tonnes: ISMA

As per ISMA, sugar production in 2022-23 is estimated at 355 lakh tons as against 360 lakh tons in current marketing year ending September due to diversion of sugarcane towards ethanol manufacturing

Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

At 137 lakh tonnes, Maharashtra sees its all-time high sugar production

Maharashtra has set a record for itself by producing 137.28 lakh tonnes of sugar in 2021-22, which is nearly 31 lakh tonnes more than the previous year, a senior official said on Thursday. The state also broke another record of crushing 1,320.31 lakh tonnes of sugarcane this year, he said. "The state has produced 137.28 lakh tonnes of sugar this year, which is 30.88 lakh tonnes more than the previous year. With this, the crushing season in the state has now ended," state Sugar Commissioner Shekhar Gaikwad told PTI. The sugar produced in Maharashtra this year is so much that it stands next to Brazil in terms of the production, he said. "The crushing season of Maharashtra lasted longer this year after an all-time high production of sugarcane. The sugarcane crushing season which used to be around 90-120 days, went up to 240 days in some parts of the state this year. The average crushing season went up to 173 days, which was 140 the previous year," he said. This year, around 200 sugar

India's sugar exports at record 8.6 mn tonnes till May this year, says ISMA

Sugar exports from India, the world's largest producer of the sweetener, touched a record 8.6 million tonne till May of the ongoing 2021-22 year, said the latest data by industry body ISMA.

India to start new sugar season with 6.2 million tonnes of stocks

On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes

Indian sugar exports at 7 million tons YTD, may touch 9 million tons: ISMA

Indian Sugar Mills Association (ISMA), in a statement, said the country's sugar output has risen to 34.23 mn tonnes till April of the current marketing year, from 30 million tonnes in year-ago period

Indian Sugar Mills Association director general resigns unexpectedly

Since Oct. 1, 2022, when the current sugar season began, Indian mills have signed contracts to export a record 8 million tonnes of the sweetener

India's sugar exports estimate revised upward to 7.5 MT for this year: ISMA

The country has physically exported 4.2 MT of sugar till February of the current marketing year, against the export contracts already undertaken for shipment of six million tonne: ISMA

Sugar output up 6% till Feb 15 in 2021-22 marketing year, says ISMA

India's sugar production hiked by 6% from Oct 1 to Feb 15 in 2021-22 marketing year at 220.91 lakh tonnes on higher sugarcane production while exports jumped till Jan at 31.5 lakh tonnes, says ISMA.

Dharani Sugars to Shree Renuka, sugar stocks fly high on ethanol norms

Among the major sugar companies, stocks of Dharani Sugars have jumped 305 per cent, Shree Renuka Sugars 239 per cent, and Triveni Engineering Industries 238 per cent.

India appeals against WTO dispute panel ruling on sugar export subsidies

The appeal was filed by India in the WTO's Appellate Body, which is the final authority on such trade disputes

India's sugar exports in a sweet spot despite WTO subsidy ruling

Brazil's low crop will continue to make India one of the major suppliers of the sweetener

WTO panel tells India to comply with trade rules on sugar

In the cases brought before the WTO in 2019, the rival producers alleged that India had broken WTO rules by providing excessive domestic support and export subsidies for sugar and sugarcane

India's sugar exports touch 5.11 mn tonnes so far this year: AISTA

Sugar mills have exported 5.11 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Thursday

India's sugar exports touch 4.25 mn tonnes so far this year: AISTA

Sugar mills in India have exported 4.25 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said

Sugar stocks trading weak on subsidy squeeze may be an anomaly

The combined market capitalisation (m-cap) of the country's top 15 sugar manufacturers was down 2.8 per cent on average on Friday

India's Oct-Mar sugar output rises 19% to 27.76 MT; exports gain momentum

The country is the world's second-biggest sugar producer and the higher output could weigh on global prices

Global price rise turns sugar stocks sweeter; shares of producers up 19-30%

For the past few years, the sugar industry has faced the twin headwinds of surplus production and higher sugar inventory, leading to pressure on sugar prices