Sugar Msp

India sugar prices hit 18-month low, mills struggle to make cane payments

The fall in prices is prompting industry to demand immediate revision in minimum selling price (MSP) to limit losses, which will improve mills' margins and allow them to make timely cane payments

ISMA revises upwards estimates of gross sugar output to 34 mn tonnes

Sugar industry body ISMA on Wednesday revised its estimates for gross production of the sweetener by 9.5 lakh tonnes to 340 lakh tonnes in the marketing year ending September. In January, Indian Sugar Mills Association (ISMA) had projected the gross sugar production, without any diversion for ethanol, at 330.5 lakh tonnes in 2023-24 marketing year (October-September). In a statement, ISMA said the gross sugar production is now estimated at 340 lakh tonnes in 2023-24, as against the gross output of 366.2 lakh tonnes in the previous year. The executive Committee of ISMA in its meeting held on March 12, noted the sugar recovery, cane yield, remaining harvestable area / sugarcane and expected dates of closure of factories in different States. The panel agreed that sugarcane availability in Maharashtra and Karnataka is higher than expected. However, cane availability in another major state, Uttar Pradesh, is predicted to be lower than earlier estimates. "Accordingly, ISMA has revised

India's perpetual sugar glut needs ethanol and export support

Households have reduced spending on the food item for two decades now, but its production keeps increasing

Productivity of sugar mills increased, over 99% cane dues cleared: Goyal

Over 99 per cent sugar cane dues to farmers in the country have been cleared by mills which amounts to over Rs 1.14 lakh crore out of the Rs 1.15 lakh crore outstanding, Union Minister Piyush Goyal said in the Lok Sabha on Wednesday. He also said that now only Rs 516 crore outstanding is due with regards to three sugar mills in Uttar Pradesh against whom action is being taken. Goyal, Union Minister of Commerce, Industry, Consumer Affairs and food, said in 2013-14, Rs 57,000 crore had been given to farmers as sugar cane price. Cane price dues used to be given to farmers after two-three years. However, in 2022-23, cane production increased by one-and-a-half times and cane dues stood at Rs 1,15,000 crore. "Of this, Rs 1,14,000 crore has been paid to farmers on time which is more than 99 per cent," he said, inviting a sharp response from some opposition members who claimed the figures were not correct. The minister said productivity of the mills has increased, cooperative mills have .

India's Oct-Nov sugar output drops as mills start late: Trade body

According to the NFCSFL, the country's overall sugar production was down on account of lesser output in Maharashtra and Karnataka

Scanty rains diminish sugar output, export prospects; farmers worried

SATARA/SANGLI/SOLAPUR, India (Reuters) - Sugarcane growers in India's top producing states are worried scanty rainfall during the crop's crucial growth period could trim yields and reduce sugar output in the upcoming season, farmers and industry sources told Reuters.

ISMA urges PMO to immediately increase minimum sale price of Sugar

Indian Sugar Mills Association says won't impact consumer price as ex-mill sugar price is already higher

UP announces Rs 500 crore package for sugar mills to settle cane arrears

Aid will be given to 24 state-run cooperative mills as loan, arrears will be settled via direct transfers into farmers' bank accounts

Govt considering proposal to increase sugar MSP from Rs 31 per kg

A task force constituted by Niti Aayog on sugarcane and sugar industry has recommended a one-time increase of Rs 2 per kg

Sugar consumption gets to pre-Covid level as hotels and restaurants open up

Demand has emerged from cold drink and ice creams makers that seek to fill pipeline inventory which got diminished during the lockdown due to factory closure and freight disruptions

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Sugar mills seek third ethanol supply tender from OMCs on production spike

The factories were able to supply only a third of OMC requirements in the second tender

Uttar Pradesh to ensure sugar arrears payment before October 20

Around Rs 44 billion will be given as soft loans to sugar mills which will also be used for payment of sugarcane arrears