UP Sugar Industry

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.

The modernisation of sugar mills in the last six years has transformed them into "integrated sugar complexes," Uttar Pradesh Chief Minister Yogi Adityanath said on Friday. Addressing an event on the occasion of 120 years of the sugar industry in the state, he said sugar in the state today is being produced on the same premises where there is an oxygen plant and an ethanol plant. "UP's sugar mills which are the largest producer of sugarcane and sugar in the country, are now being recognised as a source of 'green energy' with adoption of the policies of the Prime Minister and production of ethanol in large quantities," he said. The first sugar mill in the state was established in Deoria. The chief minister said that the way in the last few decades sugar mills were closing down farmers were desperate and were forced to migrate, till 2017, when the trend was reversed. "In the last six years, a sum of Rs 1 lakh 97 thousand crore was paid to the sugarcane farmers through DBT (Direct Ben

UP govt is trying to integrate the sugarcane crop with lucrative ethanol value chain in order to provide fair prices to the farmers and protect the sector from the cyclical nature of the sugar market

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

Experts cite three key drivers of what they see as a permanent change in production patterns

Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20

Ethanol is disrupting the traditional sugarcane value chain and could be a viable option to hedge the sugar sector from seasonal fluctuations and export market shocks

Next season to start with a high opening stock of 6-7 months of consumption

Targets licensing 50 new khandsari plants before 2018-19 crushing season

To boost such units, the government recently amended the Khandsari Policy to encourage gur and khandsari units

Domestic sugar market glut and farmers' outstanding of about Rs 170 billion coupled with bumper sugarcane crop for the next crushing season 2018-19 has all the makings of another crisis ridden sugar cycle staring ahead. In this backdrop, the Yogi Adityanath government has directed mills to start their crushing operations early from October 15 onwards with the units in western UP taking lead. Of total arrears of Rs 170 billion, UP mills, totalling 119, owe the highest of about 112 billion, followed by Maharashtra at Rs 11 billion. The state mills, dominated by the private sector at 94, have already expressed their inability to participate in the next crushing season due to high arrears and paucity of working capital to pay for the routine maintenance and repair of their units before the next season. Owing to higher pan-India estimated cane acreage of 5.44 million hectares (MH) in 2018-19 - 8% higher compared to previous season - the sugar production has been pegged at almost 35.5 ...

It is seeking steps so that mills can clear dues to the tune of Rs 225 billion to farmers

Pending sugarcane dues in Uttar Pradesh for the 2017-18 season have now mounted to Rs 130 billion, 37% of the value of the total sugarcane purchased by mills in this period

Record sugar output has also yielded molasses production way beyond market demand and plant capacity of state distilleries and country made liquor units

Yogi Adityanath government has decided to revive the state gur and khandsari industry to boost local entrepreneurship, create job opportunities and spur rural economy

With many sugar mills are planning to commence cane crushing early this year, the pre-season supply is set to meet the supply deficit in some parts of the country, said C R Choudhary, Minister for state, Food & Public Distribution, here on Friday.For the first time, sugar mills in Uttar Pradesh have decided to commence crushing of cane in October this year. Mills in India's largest sugar producing state normally begin crushing in November with the maturing of standing crop. In Maharashtra, Tamil Nadu and Karnataka, however, mills start crushing by mid-October. A recent survey conducted by the apex industry body Indian Sugar Mills Association (ISMA) showed all sugar mills accumulative to see 800,000 tonnes of production in October. The October output is set to a new monthly record this year.Speaking on the sidelines of the "AISTA Sugar Conclave 2017", a three-day event that begun today, Choudhary said that the government's focus is to make India an export-oriented sugar industry ...

One month's time to settle Rs 4,000 cr dues expires Apr 23; mills mum on what was discussed at meet