Molasses price falls 45% in north

Uttar Pradesh sugar mills seek to sell molasses to south Indian states as they face supply glut

Faced with over two million tonnes of surplus molasses, sugar mills in Uttar Pradesh are looking at non-traditional markets for remunerative disposal.
 

With farmers adopted a high-yielding variety for sowing this season, sugarcane output in UP is estimated to increase by 15-20 per cent this year from last year, to around 210 million tonnes; last year’s was 182.5 mt. Molasses availability this year is forecast to remain at 4.6 mt, with local consumption at 2.5-2.6 mt.

So, mills in UP are looking at non-traditional but high demand markets of Andhra Pradesh and Tamil Nadu for selling molasses; distilleries there need raw