Grains look to surpass sugarcane again as the primary feedstock for ethanol, a process that may be helped by government incentives to convert mills into dual-feed ones
Industry bodies have lowered output estimates for the current year to September 2025, raising some concerns over supplies
In Q4FY25TD, sugar prices in key states are up ~7-9 per cent QoQ; as a result, sugar division profitability is likely to remain robust in Q4FY25, according to JM Financial Institutional Equities.
India's sugar production is expected to fall by 19 per cent to 25.8 million tonnes in the 2024-25 season ending September, down from 31.9 million tonnes in the previous season, according to the All India Sugar Trade Association's second estimate released on Tuesday. The latest projection is 0.72 million tonnes lower than AISTA's first estimate of 26.52 million tonnes, with the downward revision attributed to reduced output in Maharashtra, Tamil Nadu and Gujarat. Maharashtra, India's largest sugar producer, is expected to produce 8 million tonnes, down from 11 million tonnes last season. Output in Uttar Pradesh, the country's second top producer, is projected at 9 million tonnes, unchanged from the first estimate but below the 10.4 million tonnes recorded last season. Sugar output in Karnataka is projected at 4.10 million tonnes, slightly higher than the initial estimate but still below last year's 5.3 million tonnes. AISTA noted these projections could vary by plus or minus 2 per .
India's sugar production fell 12 per cent to 197 lakh tonnes till February 15 of the current marketing year ending September mainly due to lower output in Maharashtra and Karnataka, according to industry body ISMA data. Sugar marketing year runs from October to September. The data of sugar production is after diversion of sweetener for ethanol making. In a statement on Monday, Indian Sugar and Bio Energy Manufacturers Association (ISMA) said that sugar production till February 15th, 2025 in the current 2024-25 marketing year reached 197.03 lakh tonnes as against 224.15 lakh tonnes in the corresponding period of the preceding year. Among states, ISMA data showed that sugar production has fallen in Uttar Pradesh to 64.04 lakh tonnes from 67.77 lakh tonnes. In Maharashtra, the production has dipped to 68.22 lakh tonnes from 79.45 lakh tonnes, while the output in Karnataka fell to 35.80 lakh tonnes from 43.20 lakh tonnes during the period under review. As per ethanol supplies data up
Many Maharashtra mills are struggling to get enough sugarcane, operating at half their capacity, and will likely close for the season by the end of this month
Sugar production in India -- the world's second-largest producer -- is projected to drop 15 per cent to 27-27.2 million tonnes in the ongoing 2024-25 season ending September, according to two industry bodies. National Federation of Cooperative Sugar Factories Ltd (NFCSFL) has projected lower sugar output at 27 MT after diversion for ethanol production for the 2024-25 season, compared to 31.9 million tonnes in the previous year. Indian Sugar and Bio Energy Manufacturers' Association (ISMA), too, has estimated sugar production lower at 27.2 million tonne for the 2024-25 season as against 31.96 million tonne in the previous year in its second estimates released on Friday. Production is likely to decline in all three major producing states -- Uttar Pradesh, Maharasthra, and Karnataka. As on January 31, sugar production has reached 16.53 million tonne, down from 18.74 million tonne in the year-ago period, as per the NFCSFL data. The two industry bodies attributed early flowering of ...
Although there had been speculation for weeks that exports would be allowed, the decision surprised some traders as this season's production is expected to fall below consumption
Sugar season runs from October to September
The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house
Sugar mills have paid Rs 8,126 crore to sugarcane farmers in the first 70 days of the ongoing 2024-25 sugar season, Food Minister Pralhad Joshi told Parliament on Wednesday. As of December 13, the total cane price payable stood at Rs 11,141 crore, Joshi said in a written reply to the Lok Sabha. Pending payments of Rs 3,015 crore remain, with Karnataka accounting for the maximum outstanding dues of Rs 1,405 crore, followed by Uttar Pradesh and Maharashtra. The sugar season in India runs from October to September. Joshi attributed the reduction in sugarcane arrears to ongoing policy interventions. In the previous 2023-24 season, out of total cane dues of Rs 1,11,674 crore, approximately Rs 1,10,399 crore has been paid, leaving only Rs 1,275 crore outstanding as of December 13 - effectively clearing 99 per cent of the dues.
Sugar production declined 17 per cent to 61.39 lakh tonnes till December 15 of the current marketing year that started in October, mainly due to fall in output in Maharashtra, according to industry body ISMA. The production data excludes the diversion of sugar towards ethanol. Sugar production till December 15, 2024, in the current 2024-25 marketing year (October-September) reached 61.39 lakh tonnes as against 74.05 lakh tonnes in the corresponding period of the preceding year, Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said in a statement. Notably, this year sugar factories in Karnataka started late by around 7-12 days while in another major state Maharashtra, mills started late by 1520 days, as compared to last year. As per the data, sugar production in Uttar Pradesh increased to 23.04 lakh tonnes from 22.11 lakh tonnes. In Maharashtra, the output declined 16.78 lakh tonnes from 24.45 lakh tonnes. Karnataka saw a decline in sugar production to 13.85 lakh tonne
Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a time when dry weather is widely expected to reduce shipments from top producer Brazil
The food ministry plans to revamp the nearly six-decade-old regulation regarding production, storage and pricing of sugar to align it with technological advancements. In this regard, the Ministry of Consumer Affairs, Food and Public Distribution has issued the draft 'The Sugar (Control) Order, 2024'. The ministry proposes to review the Sugar (Control) Order of 1966 due to the technological advancements in the production process. "...there are multiple changes in the sugar sector which necessitates the revamping of existing the Sugar (Control) Order, 1966," said the ministry while issuing the draft. The draft order details power the government to regulate production of sugar as well as restrict its sale, storage and disposal by producers and dealers. The ministry has invited stakeholders' comments on the draft by September 23. On power to regulate price of sugar, the draft says: "The Central Government shall, at the time of issuing any order regarding price of sugar for sale...tak
The government wants to make sure there's enough sugar for the local market at reasonable prices, and on using more cane to produce ethanol
India's gross sugar production is estimated to decline 2 per cent to 333 lakh tonnes in 2024-25 marketing year starting October, according to industry body ISMA. Indian Sugar Mills & Bio-Energy Manufacturers Association (ISMA) on Tuesday released the preliminary estimates of sugar production for 2024-25 marketing year (October-September). The estimate was released after comprehensive analysis of satellite imagery, field reports on expected yields, sugar recovery rates, drawal percentage, the impact of rainfall from previous and current years, water availability in reservoirs, and anticipated rainfall during the Southwest Monsoon 2024. In its forecast, the association has pegged the country's gross sugar production (without diversion for ethanol) at 333.10 lakh tonnes for 2024-25, from an estimated 339.95 lakh tonnes in the current 2023-24 marketing year. Net sugar production is estimated at 319.65 lakh tonnes for the current marketing year, taking into account 20.30 lakh tonnes ...
India may allow sugar exports after assessing the final sugarcane sowing and output in the 2024-25 season, as the world's biggest producer after Brazil is expecting a lower sugar output of 30 million tonnes next season, sources said. For the current 2023-24 season ending September, sugar production has reached 31.5 million tonnes so far, with the final output likely to touch 31.8 million tonnes as mills in Tamil Nadu and Karnataka wrap up crushing, the sources added. Last year, India produced 32.8 million tonnes of sugar. Sugar production in the 2024-25 season is estimated to be lower at 30 million tonnes due to lower sowing in Karnataka, as per trade estimate, the sources added. "The industry has demanded exports of 1 million tonnes of sugar. Since we are expecting lower sugar output next year and stocks are required for ethanol production, the priority of the government is to ensure available stock for domestic consumption as well as for ethanol," one of the sources said. "Expor
Sugar industry body ISMA on Wednesday revised its estimates for gross production of the sweetener by 9.5 lakh tonnes to 340 lakh tonnes in the marketing year ending September. In January, Indian Sugar Mills Association (ISMA) had projected the gross sugar production, without any diversion for ethanol, at 330.5 lakh tonnes in 2023-24 marketing year (October-September). In a statement, ISMA said the gross sugar production is now estimated at 340 lakh tonnes in 2023-24, as against the gross output of 366.2 lakh tonnes in the previous year. The executive Committee of ISMA in its meeting held on March 12, noted the sugar recovery, cane yield, remaining harvestable area / sugarcane and expected dates of closure of factories in different States. The panel agreed that sugarcane availability in Maharashtra and Karnataka is higher than expected. However, cane availability in another major state, Uttar Pradesh, is predicted to be lower than earlier estimates. "Accordingly, ISMA has revised
Al Ghurair said India had stopped exporting because of bad weather and this had created more demand, at least temporarily
Telangana Chief Minister Revanth Reddy has directed a Cabinet sub-committee to submit a comprehensive report on the revival of the Nizam Sugar Factory