Page 8 - Sugar Production

Sugar output may fall marginally as govt hikes procurement price of ethanol

Sugar output likely to drop marginally if mills make ethanol directly from B-molasses

Sugar stocks gain as Cabinet hikes ethanol price by 25%

Simbhaoli Sugars, Shree Renuka Sugars, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Avadh Sugar & Energy, Ugar Sugar Works and Magadh Sugar & Energy were up in the range of 5% to 20% on the BSE.

Shift to ethanol needs sound govt policy: International Sugar Organisation

Diversification of surplus sugar into ethanol is big and we at ISO seriously think that it is a recipe for India, says ISO DG Jose Orive

Sweet spike: India set to replace Brazil as biggest producer of sugar

Inability to divert surplus sugarcane to ethanol is hurting millers

Sugar production in Maharashtra is set for a new record for crushing season

Prices, therefore, are likely to be under pressure through this year and next year

India's sugar production likely to rise 12% as Maharashtra output doubles

The higher-than-expected output could pressure local prices and force the world's second-biggest sugar producer to remove a tax on exports

Sugar traders seek import duty hike after Pak sops

This comes when the price of sugar in India has been falling since the start of the current cane crushing season

Govt to lift sugar stockholding cap; may raise duty if price fall persists

Sugar mills' revenue and profit are likely to be under pressure in the ongoing crushing season (the current sugar year, 2017-18, formally began on October 1), after recovering marginally in the 2016-17 season. For, there has been a sharp decline in their product prices, following estimates of higher cane output. Seasons 2014-15 and 2015-16 were bad for profitability; things improved in 2016-17, with many large mills showing a rise in net profit, following estimates of lower sugar production. There was s sharp rise in the prices of sugar and molasses, to a peak of Rs 36-37 a kg and Rs 8,800 a tonne, respectively. Prices of both did drop subsequently but their average realisation remained substantially higher than the cost of sugar production. This year, however, the scenario has again turned against mills, with a fall in prices of both sugar and molasses. "At the current prices, mills are going to incur losses this year. The government is thinking about 120 crore consumers, putting ...

Sugar production up 79% at 1.37 million tonnes till Nov 15: ISMA

In a statement, ISMA said higher output so far was on account of early crushing operation.

India eyes record sugar output in 2018-19

Initial forecast are however against such views

Sugar output may rise 25% in 2017-18 season

Indian Sugar Mills Association (ISMA) today projected 25.1 million tons crop for sugar season 2017-18 beginning October. The production is nearly 25 per cent higher than last year's 20.3 million tons. Highest producing state in 17-18 too is expected to be Uttar Pradesh with almost 40 per cent share in production. "ISMA has projected 9.95 million tons sugar production from UP and Maharashtra and Karnataka ae also expected to come back on track with Maharashtra production estimated at 7.4 million tons," said ISMA's Director General Abinash Verma.Sugar stock at the end of June was estimated at around 10 million tons and ISMA's initial estimates show June lifting was below average. Trade estimate season will close with closing stock of 3.5 to 4 million tons. Meanwhile Yesterday government has issued a notification increasing sugar import duty from 40 per cent to 50 per cent on all kind of sugar that is refined and raw sugar. The move follows sharp fall in sugar prices in last one ...

Sugar output seen higher, govt mulls help for industry

Sugar production in India is estimated to go up 25-30 per cent in sugar year 2017-18 (the year begins on October 1), with higher sowing of cane and a 11 per cent increase in the central govrnment's recommended minimum price to growers. However, high production after a year of low output could spoil sugar mills' balance sheets, with a fall in open market prices. Output is estimated to rise from 20.3 million tonnes in the season that ends this September to 26.7 mt in the next one, estimates Rabobank, the Dutch-based financial group. Industry leaders, however, estimate 25-25.5 mt. As a preventive, the central government is considering measures to protect the industry and farmers' realisations. These include a rise in the import duty from the present 40 per cent, a higher ethanol price for supplying to oil marketing companies (OMCs) and reviewing the goods and services tax rates for ethanol and molasses. The import duty rise could come any time and be up to 20 per cent higher, to ensure ..

Best of sugar cycle might be over

Higher output estimates will limit realisation gain, while higher cane prices will push up costs