Sugar Industry

After ethanol tender pricing setback, sugar industry hopes for review

An industry body for sugar factories has written to the Centre seeking a revision of the tender, which has left procurement prices unchanged from last year, noting that sugarcane prices have gone up

Sugar industry has survived due to use of ethanol, says Nitin Gadkari

Union minister Nitin Gadkari on Sunday said the sugar industry has survived due to the advent of ethanol, and asserted there is a need for new technologies in farming. Speaking at an event of Naam Foundation in Pune, Gadkari attributed cultivator suicides in Maharashtra's Vidarbha and Marathawada regions to the scarcity of water for farming. The senior BJP leader hailed the work of Naam Foundation, led by actors Nana Patekar and Makarand Anaspure, in the field of water conservation and the welfare of the children of farmers who had committed suicide. "Water was the main cause behind the suicides of farmers in Vidarbha and Marathwada regions. If water was available in abundance, the farmers would not have to take the extreme step," said Gadkari. He said there is a need to bring in technology in the farming sector and experiments regarding the same have already been undertaken. "We import fossil fuel worth Rs lakh 22 crore due to ethanol. Today, the sugarcane cultivators and sugar m

ISMA pegs India's sugar output at 34.9 million tonnes for 2025-26 season

India's sugar output is expected at 34.90 million tonne in the 2025-26 season starting in October, the Indian Sugar and Bio-energy Manufacturers Association (ISMA) said on Thursday. Overall, improved cane quality in Maharashtra, Karnataka, Uttar Pradesh, and Tamil Nadu is supporting a marginal rise in sugar output, ISMA said in a release. However, these gains are likely to be offset by small declines in flood-hit regions, keeping the national output estimates outlook broadly stable, it said. "Accordingly, ISMA has reaffirmed its projection of 349 lakh tonne of gross sugar production in 2025-26 SS, in line with its July 2025 estimate, signalling stability in output expectations despite regional variations," ISMA said while releasing a review on its preliminary estimates of sugar production in 2025-26 sugar season (October-September). The industry body will reassess crop conditions in October 2025 and release its first advance estimate in October/November 2025. ISMA had released its

India's sugar output falls 18% to 25.82 MT till July of this season: NFCSFL

India's sugar production declined 18.38 per cent to 25.82 million tonnes till July in the current season ending October, down from the year-ago period, as major producing states reported lower output, the National Federation of Cooperative Sugar Factories Ltd (NFCSFL) said on Wednesday. The cooperative body expects total output to reach 26.11 million tonnes for the full season, well below the 31.9 million tonnes produced in 2023-24. Special crushing operations in Karnataka and Tamil Nadu, which run from June to September, are underway and expected to add some more tonnes to the total. Seven mills are operating in Karnataka compared to one last year, while Tamil Nadu has nine mills running versus 11 in the prior year. According to NFCSFL, Uttar Pradesh, India's largest sugar producer, saw output fall to 9.27 million tonnes till July from 10.36 million tonnes a year earlier. Maharashtra, the second-largest producer, reported a steeper decline to 8.09 million tonnes from 11 million .

Sugar sector grown into ₹1 trillion industry: Food Minister Pralhad Joshi

India's sugar sector has grown to become a Rs 1.3 lakh crore industry, and it is driving rural prosperity and energy security, Union Food Minister Pralhad Joshi said on Thursday. The minister was addressing the 'Cooperative Sugar Industry Conclave 2025' & 'National Efficiency Award Ceremony'. "Under the PM Shri @narendramodi ji's leadership, India's sugar sector has grown into a Rs 1.3 lakh crore industry (annually), driving rural prosperity, energy security and green power through reforms like record ethanol blending and Atmanirbharta in fuel," Joshi said on a social media post. It is inspiring to see how the sector's evolution is shaping a sustainable, self-reliant future for India, he added. The event was organised by National Federation of Cooperative Sugar Factories Limited. It was established in 1960 to build a strong and vibrant co-operative sugar sector in India. All cooperative sugar factories and state cooperative sugar federations across the country are its ...

HNGIL resolution: CoC to vote on the INSCO's revised plan next week

The revised plan of INSCO was discussed in the meeting of the Committee on Tuesday night, sources said.

Ethanol blending may face headwinds from distillers and automakers

The final cog is the consumer, who incurs higher operating costs on ethanol blending because of the low burning value of ethanol

HNGI insolvency case: Supreme Court asks CoC to consider INSCO's plan

Should INSCO meet these conditions, the CoC shall consider its resolution plan for HNGI, and the plan is to be approved by both the creditors and the adjudicating authority by June 27

Volume, realisations likely to drive gains for sugar companies' stocks

The National Federation of Cooperative Sugar Factories (NFCSF) expects pan-India sugar production to reduce 19 per cent to 26 million tonne

Indian mills produced 24.8 MT of sugar so far in 2024-25 season: Report

The Indian Sugar and Bio-Energy Manufacturers Association said that in this season Indian mills have produced 24.8 million metric tonnes of sugar so far

India's lower sugar output tightens global supply, lifts white sugar prices

The Indian government in January permitted mills to ship as much as 1 million tons in the current season, easing restrictions that curbed overseas sales for more than a year

Sugar industry has potential to increase its GDP share up to 3%: Gadkari

The sugar industry has the potential to increase its share in the GDP to 3 per cent from the current 1-1.15 per cent, Union Minister Nitin Gadkari said on Thursday, while emphasising on the need to raise per acre production of sugarcane. The Indian agriculture sector provides livelihood to about 42.3 per cent of the population and has a share of 18.2 per cent in the country's GDP at current prices. "The Indian sugar industry has the potential to contribute 3 per cent in the country's GDP," he said. Noting that the government has done a lot to encourage production of alternative fuel in India, the minister also said the government is now taking steps to encourage exports of ethanol. The Union Cabinet on Wednesday approved a 3 per cent increase in the procurement price for ethanol made from C-heavy molasses to Rs 57.97 per litre for the 2024-25 supply year, while keeping rates unchanged for other feedstocks. The price increase, aimed at boosting ethanol production from sugar industr

Crisil SME tracker: Govt move on exports to boost revenue for sugar SMEs

Last financial year, the industry witnessed a sharp 10 per cent growth in revenue, driven by an 8 per cent year-on-year (Y-o-Y) increase in sugar prices and a steady 2 per cent rise in consumption

UN's world food price index eases in December as sugar prices decline

Sugar prices led December's monthly decline, dropping 5.1 per cent month-on-month thanks to improving sugarcane crop prospects in the main producing countries to stand 10.6 per cent below its December

President Irfaan Ali welcomes India's commitment to Guyana's sugar industry

He further said that PM Modi's visit- the first by an Indian PM to Guyana in 56 years- represents a 'significant milestone' in enhancing cooperation between the two nations

NFCSF seeks govt intervention to protect sugar industry from 'collapse'

The National Federation of Co-operative Sugar Factories (NFCSF) on Friday warned of an impending crisis in the sugar sector and urged the government to take immediate steps to prevent its collapse. In a letter addressed to the Union Food Secretary, the federation has highlighted the sector's severe financial stress due to mounting sugar stocks and escalating production costs. According to NFCSF, opening stocks for the 2024-25 season (October-September) stand at 80 lakh tonnes, with projected production of 325 lakh tonnes, excluding ethanol diversion. With domestic consumption estimated at 290 lakh tonnes, around 115 lakh tonnes of sugar will remain in godowns of 535 factories nationwide. The federation pointed out that while the government has increased the Fair and Remunerative Price (FRP) by 8 per cent to Rs 3,400 per tonne for 2024-25, the industry's Minimum Selling Price (MSP) has remained stagnant at Rs 31 per kg since 2018-19, despite production costs rising to Rs 41.66 per ..

Global sugar stocks may hit 6-year low by early 2025 due to Brazil drought

Drought and plant disease have delayed Brazil's sugar harvest, tightening supplies and keeping prices high, despite China's larger crop and easing global demand

Talking stock: Will sugar turn sweeter in coming year as supply stabilises?

The sugar supply situation that has turned positive in the last few months will continue to remain comfortable next season as well

Strong earnings growth ahead for listed sugar companies' stocks

The blend ratio targeted is 20 per cent (80 percent petrol with 20 per cent ethanol) for Nov '24-Oct '25, up from an estimated 14 per cent in Nov '23-Oct 24

Balrampur Chini stock nears record high, gains 5% on stable Q1 performance

Despite facing challenges in distillery operations due to regulatory issues, sugar segment has continued to perform well in a seasonally soft quarter, benefiting from higher volumes and realizations.