Sugar Crisis

The company confirmed that seven of the 14 sugar-free versions will be available in Indian stores by the end of November, with the remaining seven set to be introduced in the following weeks

ISMA has pegged the country's sugar production at 260 lakh tonne for 2019-20

This is because the Indian industry contending with brimming inventories has been given a mandate by the government to sell 6 mt in the world market

Sugar mills contract for 1.4 million tonnes of exports in 2019-20 season

Slams previous UP governments for selling government operated sugar mills

As a high-powered panel of minister lead by Transport Minister Nitin Gadkari dwells on ways to deal with the mounting crisis in the country's sugar sector, farmers are faced with a peculiar problem.Farmers alleged that despite having almost 20 per cent of sugarcane standing in their fields few mills western parts of Uttar Pradesh have simply stopped issues indents (parchi) or slowed them down considerably forcing them to sell the crop to local jaggery makers at much lower rates. Indents or 'parchi' is a sort of written assurance that sugar mills give to farmers to within their pre-demarcated areas to purchase the sugarcane from them at rate fixed by the state government. For 2018-19 sugarcane marketing season, the state advised price of sugarcane determined by Uttar Pradesh government is Rs 315 per quintal for normal varieties and Rs 325 per quintal for early sown varieties, while local jaggery makers have been purchasing sugarcane at around Rs 150-200 per quintal. But, the jaggery ...

Overproduction of sugarcane and crashing retail prices is causing cane dues to farmers touch all-time highs