The government on Wednesday decided to increase the Fair and Remunerative Price (FRP) of sugarcane by 4.41 per cent to Rs 355 per quintal for the upcoming 2025-26 season beginning October. A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi keeping in the interest of sugarcane farmers. For the current 2024-25 season, the FRP of sugarcane has been fixed at Rs 340 per quintal. FRP is the minimum price mandated by the Government of India that sugar mills are legally obligated to pay sugarcane farmers for their produce. Briefing media after the CCEA meeting, I&B Minister Ashwini Vaishnaw said the FRP of Rs 355 per quintal has been approved for a basic recovery rate of 10.25 per cent. The government has also decided that there will not be any deduction in the case of sugar mills where recovery is below 9.5 per cent. Such farmers will get Rs 329.05 per cent for sugarcane in the ensuing 2025-26 ...
While the top industry body is confident of adequate supplies, some fear that an early festival season this year could be marred by lower-than-usual level of sugar stocks
The Uttar Pradesh Sugarcane Development Department on Thursday said it has set the gross value output (GVO) target of Rs 1,41,846 crore for the financial year 2025-26, with an aim to contribute towards Chief Minister Yogi Adityanath's goal of making the state a USD 1-trillion economy by 2030. The department's action plan for 2025-26 focuses on boosting sugarcane cultivation and allied industries while reducing reliance on government support, the state government said on Thursday. "The action plan reflects the department's commitment to increasing GVA contribution from Rs 1,09,461 crore in 2023-24 to Rs 1,03,038 crore from sugarcane and Rs 38,808 crore from jaggery production by 2025-26," it said in a statement. To achieve this, the department has outlined key strategies, including increasing the average sugar recovery rate from 9.56 per cent to 10.50 per cent, ensuring timely sale of 91.54 lakh quintals of sugar in 2025-26 to prevent financial losses from delays, expanding the stora
SAP is the rate at which sugar mills in the state have to mandatorily buy cane from farmers. Apart from UP, Punjab, Haryana, and Uttarakhand too have their respective SAPs
Prices for ethanol produced from B-heavy molasses and sugarcane juice/sugar/sugar syrup remain unchanged at Rs 60.73 and Rs 65.61 per litre, respectively
Also, a report by Infomerics Ratings showed that in the last five financial years WPI rose by 24.3 per cent over the past 5 years
Maharashtra and Gujarat are among the states where a significant portion of the sugar production is through cooperatives
With a high differential in pricing vis-a-vis normal plastics, and backed by a generous Uttar Pradesh policy, sugar producers eye new opportunities in the climate-friendly product
Delays in the crushing season, which is impacting key states like Maharashtra and Karnataka, are contributing to the drop in sugar prices, says ISMA president
The sugar supply situation that has turned positive in the last few months will continue to remain comfortable next season as well
The government on Tuesday notified exports of 8,606 tonnes of raw cane sugar under the tariff-rate quota (TRQ) scheme to the US for the October 2024 - September 2025 period. Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached, a higher tariff applies to additional imports. "The quantity of 8,606 MTRV (metric tonnes raw value) of raw cane sugar to be exported to USA under TRQ scheme from 01.10.2024 to 30.09.2025 has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice. A similar quantity was notified in January also. 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 well. The DGFT said that the quota will be operated by the Agriculture and Processed Food Products Export Development Authority (APEDA).
he world's second-biggest sugar producer imposed restrictions on diverting sugar for ethanol production in December 2023 to increase sugar output after cane crop was hit by below-average monsoon rains
Joint meeting of all associations to be convened to form a common response before September deadline
Easing maize supply woes would also benefit user industries like poultry feed, starch, and ethanol
Some reports say the maize-based industry has demanded immediate imports of 5 million tonnes of duty-free imports to tide over the supply crunch
Industry experts anticipate a shift back to sugarcane-based molasses as the primary feedstock for ethanol production next year, driven by expected surplus sugar supplies and calls to lift restrictions
Animal rights group PETA India on Wednesday said India's position as a major global sugarcane producer offers significant opportunities for expanding the use of sugarcane-based vegan leather. The organisation highlighted that India's vast sugarcane production could be leveraged to effectively utilise sugarcane waste through technology developed by PA Footwear P Ltd, a company specialising in vegan leather alternatives. India, the world's second-largest sugar producer after Brazil, grows sugarcane in 55-60 million hectares area. "India is one of the largest producers of sugarcane globally, so PA Footwear P Ltd's technology presents a significant opportunity to utilise sugarcane waste effectively," PETA India said in a statement. PA Footwear P Ltd, in partnership with the National Institute for Interdisciplinary Science and Technology, has developed Vegan Virya, a leather alternative made primarily from sugarcane. The material has received "PETA-Approved Vegan" certification from PET
Research and sharing of best practices among nations are crucial for high-yield, disease-resistant sugarcane varieties and innovative uses of the commodity, Union Minister Pralhad Joshi said on Tuesday. The Minister of Consumer Affairs, Food and Public Distribution also said that sugar production is expected to be good this year depending upon the rains. He made the remarks at the 64th International Sugar Organisation (ISO) Council Meeting in the national capital. "Sharing best practices and fostering research collaboration across nations is vital. Let us work together to develop high-yielding, disease-resistant sugarcane varieties, explore innovative uses for sugarcane, and promote sustainable practices throughout the value chain," Joshi said. He said that advanced technologies across the sugar value chain should be increasingly adapted as they will be crucial for reducing waste and ensuring the sustainability of the industry. The nation is committed to actively collaborating wit
India's ambitious plans for an agri-derived ethanol-fuelled transport sector rest on the twin pillars of remunerative rates and agricultural yields
The 121 operating mills in UP, with a combined cane crushing capacity of 0.84 million tonnes (mt) crushed per day (TCD), have so far crushed 98 mt of the cash crop, producing 10.33 mt of sugar