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Sugar Output

India likely to produce record high sugar next year, could revive exports

Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a time when dry weather is widely expected to reduce shipments from top producer Brazil

India likely to produce record high sugar next year, could revive exports
Updated On : 10 Dec 2024 | 4:16 PM IST

Sugar output remains slightly lower at 31.09 MT till April 15: ISMA

The country's sugar production remained slightly lower at 31.09 million tonnes till April 15 of the ongoing 2023-24 season on lower output in Karnataka, according to industry body ISMA data released on Tuesday. Sugar production stood at 31.23 million tonnes in the same period of the 2022-23 season. India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an indefinite period. Indian Sugar Mills Association (ISMA) has revised the net sugar production estimate for 2023-24 season to 32 million tonnes. As per ISMA's latest data, sugar production in Maharashtra, the country's leading producing state of sweetener, remained higher at 10.92 million tonnes till April 15 of the current season, as against 10.59 million tonnes in the year-ago period. Similarly, production in Uttar Pradesh, the country's second largest sugar producing state, rose to 10.14 million tonnes from 9.67 million tonnes in the sa

Sugar output remains slightly lower at 31.09 MT till April 15: ISMA
Updated On : 16 Apr 2024 | 5:47 PM IST

Net sugar output dips to 280 MT so far in 2023-24 mkt yr ending Sep: ISMA

India's net sugar production fell marginally to 280.79 lakh tonnes till March 15 of the current marketing year that started in October 2023, according to trade data released on Monday. Sugar marketing year runs from October to September. "Sugar production till 15th March 2024 in the current 2023-24 season reached 280.79 lakh tonnes, against 282.60 lakh tonnes produced last year on the corresponding date," Indian Sugar Mills Association (ISMA) said in a statement. Number of factories operating as on March 15 this year stood at 371 as against 325 mills on the same day last year. In Uttar Pradesh, sugar production stood at 88.40 lakh tonnes as against 79.63 lakh tonnes during the period under review. Sugar output in Maharashtra fell marginally to 100.50 lakh tonnes from 101.92 lakh tonnes, while production in Karnataka declined to 47.55 lakh tonnes from 53.50 lakh tonnes. Recently, ISMA has pegged sugar production at around 323 lakh tonnes for the 2023-24 marketing year after the ..

Net sugar output dips to 280 MT so far in 2023-24 mkt yr ending Sep: ISMA
Updated On : 18 Mar 2024 | 7:47 PM IST

Sugar output declines by 1.19% to 25.53 MT so far this marketing year: ISMA

The country's sugar production declined 1.19 per cent to 25.53 million tonne so far in the ongoing 2023-24 marketing year, industry body ISMA said on Monday. Sugar production stood at 25.84 MT till February in the year-ago period. Sugar marketing year runs from October to September. In its second estimate, the Indian Sugar Mills Association (ISMA) has projected sugar output to decline by 10 per cent to 33.05 MT in the current 2023-24 marketing year as against 36.62 MT in the previous year. According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February of the ongoing marketing year. However, sugar output in Uttar Pradesh -- the country's second largest producer of the sweetener -- was higher at 7.81 MT as against 7 MT in the period under review. The production in Maharashtra -- the country's largest producer of sugar -- was down at 9.09 MT till February of this marketing year, compared with 9.51 MT in the year-ago period. Simil

Sugar output declines by 1.19% to 25.53 MT so far this marketing year: ISMA
Updated On : 04 Mar 2024 | 3:22 PM IST

Sugar output falls 2.48% to 22.36 mn tonnes till Feb 15 of FY24: ISMA

The country's sugar production dipped 2.48 per cent to 22.36 million tonnes till February 15 of the ongoing 2023-24 marketing year, as per the industry body ISMA's latest data. Sugar production stood at 22.93 million tonnes in the year-ago period. Sugar marketing year runs from October to September. In its second estimate, the Indian Sugar Mills Association (ISMA) has projected sugar output to decline by 10 per cent to 33.05 million tonnes in the current 2023-24 marketing year as against 36.62 million tonnes in the previous year. According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February 15 of the ongoing marketing year. However, sugar output in Uttar Pradesh -- the country's second largest producer of the sweetener -- was higher at 6.77 million tonnes as against 6.12 million tonnes in the period under review. The production in Maharasthra -- the country's largest producing state of sugar -- was down at 7.94 million tonnes t

Sugar output falls 2.48% to 22.36 mn tonnes till Feb 15 of FY24: ISMA
Updated On : 19 Feb 2024 | 2:07 PM IST

TEIL Q3 results: Profit falls 7% to Rs 137 cr; will foray into IMFL biz

Triveni Engineering & Industries Ltd, mainly engaged in the sugar business, has posted a 7 per cent decline in its consolidated net profit to Rs 137.40 crore for the December 2023 quarter and announced its foray into Indian Made Foreign Liquor (IMFL) manufacturing. Its net profit stood at Rs 147.28 crore in the year-ago period. The total income fell to Rs 1,575.55 crore in the October-December period from Rs 1,695.98 crore in the corresponding period of the previous year, a regulatory filing said on Monday. Triveni Engineering is one of the leading integrated sugar manufacturers and engineered-to-order turbo gearbox manufacturers in the country. It is also into water and waste-water management business. The company's board approved "venturing into the new business of manufacturing, marketing and selling own brands in the premium segment of Indian Made Foreign Liquor (IMFL) as a forward integration of the distillery operations". The company would set up a bottling plant in ...

TEIL Q3 results: Profit falls 7% to Rs 137 cr; will foray into IMFL biz
Updated On : 31 Jan 2024 | 4:43 PM IST

Sugar output declines by 7% to 14.87 MT during Oct 1-Jan 15: Industry body

Maharashtra's sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka's production dropped 12.7% to 3.1 mn tons, the National Federation of Cooperative Sugar Factories said

Sugar output declines by 7% to 14.87 MT during Oct 1-Jan 15: Industry body
Updated On : 17 Jan 2024 | 4:57 PM IST

Sugar production falls again, dips 7.7% to 11.2 mn tonnes in Oct-Dec: NFCSF

Sugar production was 7.7 per cent lower at 112 lakh tonnes in the first three months of the ongoing 2023-24 season, owing to lesser output in two key states, according to cooperative body NFCSF. Sugar production stood at 121.35 lakh tonnes during the October-December period of 2022-23 season. NFCSF has projected the country's total sugar output to be at 305 lakh tonnes in the 2023-24 season, lower than 330.90 lakh tonnes achieved in the 2022-23 season. Sugar season runs from October to September. Releasing the latest data, the National Federation of Cooperative Sugar Factories (NFCSF) said a total of 511 factories had crushed 1,223 lakh tonnes of sugarcane till December 2023 of the ongoing season. Among the top three sugar producing states, the output in Maharashtra and Karnataka remained lower during the October-December period of this season. "Since the central government has limited the production of ethanol from sugarcane juice, the total availability of new sugar in the coun

Sugar production falls again, dips 7.7% to 11.2 mn tonnes in Oct-Dec: NFCSF
Updated On : 02 Jan 2024 | 5:20 PM IST

India may need to import sugar as planting wanes due to weak rains: Report

Sugar output could be even lower in the next crop year, which runs to September 2025

India may need to import sugar as planting wanes due to weak rains: Report
Updated On : 19 Dec 2023 | 12:36 PM IST

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

India's Oct-Nov sugar output drops as mills start late: Trade body
Updated On : 01 Dec 2023 | 5:30 PM IST

Isma projects 9% fall in sugar output, says sufficient to meet local demand

Industry body ISMA on Tuesday projected a 9 per cent fall in gross sugar production at 337 lakh tonnes for the current marketing year starting this month but asserted the output will be enough to meet domestic demand. It has not estimated the diversion of sugar for ethanol production. "Gross sugar production for the 2023-24 sugar season has been estimated at around 337 lakh tonnes," Indian Sugar Mills Association (ISMA) said in a statement. The sugar marketing year runs from October to September. In August, ISMA had estimated gross sugar production at 369 lakh tonnes, while the net sugar output was projected at 328 lakh tonnes after a diversion of 41 lakh tonnes for ethanol. "With India's domestic consumption average of 278.5 lac tons, the production estimates assure sufficient sugar for domestic consumption," ISMA said. ISMA said that the diversion of sugar towards ethanol would be estimated only after the declaration of feed stock-wise ethanol procurement price for the 2023-24

Isma projects 9% fall in sugar output, says sufficient to meet local demand
Updated On : 31 Oct 2023 | 9:26 PM IST

Brazil offers ethanol tech to India, eyes to resolve sugar dispute at WTO

Brazil has offered to share its ethanol production technology with India as part of efforts to resolve a sugar related dispute between the two countries at WTO (World Trade Organisation), an official said. The South American nation in its proposal has stated that the ethanol production technology would help India to use surplus sugar in making ethanol. The offer can help India utilise its excess sugar output and ease competition for Brazil in the international sugar market. Brazil is the largest producer of sugarcane and ethanol in the world. It is a leader in the technology used for ethanol production. It is also the largest exporter of sugar in the world. India is the world's second-largest producer. The proposal could benefit India as it aims to gradually increase the percentage of blending of ethanol in petroleum auto fuels and reduce dependence on imported crude oil. "Brazil has a flex technology. They do ethanol blending. That technology is good for India also. Brazil has ar

Brazil offers ethanol tech to India, eyes to resolve sugar dispute at WTO
Updated On : 31 Oct 2023 | 6:08 PM IST

NCLT dismisses petition against Bajaj Hindustan after withdrawal by SBI

The company owed banks about Rs 4,771 crore and had availed itself of two debt-restructuring schemes, leading to steep haircuts taken by the lenders

NCLT dismisses petition against Bajaj Hindustan after withdrawal by SBI
Updated On : 25 Oct 2023 | 11:00 PM IST

Sugar output in Maharashtra set to fall to lowest in 4 years after dry Aug

The reduced output could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are already near their highest in more than a decade

Sugar output in Maharashtra set to fall to lowest in 4 years after dry Aug
Updated On : 14 Sep 2023 | 12:11 AM IST

Govt pulls up ISMA for premature estimation of 2023-24 sugar output

The secretary said he will hold a discussion with ISMA about this issue and added that it is too early to predict sugarcane and sugar production for the 2023-24 season, starting in October

Govt pulls up ISMA for premature estimation of 2023-24 sugar output
Updated On : 04 Aug 2023 | 8:31 PM IST

ISMA lowers 2022-23 sugar output and ethanol diversion estimates

However, several industry players said despite fall in sugar production, ethanol diversion will be steady at 4.5 million tonnes as against 3.6 million tonnes in 2021-22 (October to September)

ISMA lowers 2022-23 sugar output and ethanol diversion estimates
Updated On : 27 Apr 2023 | 12:13 AM IST

ISMA cuts sugar output estimates by 3.5% to 328 lakh tonnes for 2022-23

Sugar industry body ISMA has revised downwards the country's sugar production estimate to 328 lakh tonnes for the current marketing year ending September, from an earlier projection of 340 lakh tonnes. The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year (October-September), from an earlier projection of 121 lakh tonnes. Sugarcane crushing season has ended in the state. "ISMA has revised its all-India sugar production estimate for 2022-23 (after diversion into ethanol) to 328 lakh tonnes, after considering diversion of about 40 lakh tonnes of sugar equivalent into ethanol," the association said in a statement on Wednesday. In January, ISMA had projected output of 340 lakh tonnes, after diversion of 45 lakh tonnes towards ethanol. Sugar production in 2021-22 stood at 358 lakh tonnes post diversion towards ethanol. "Crushing season in Maharashtra has ended at around 105 lakh tonnes, lower than our earlier

ISMA cuts sugar output estimates by 3.5% to 328 lakh tonnes for 2022-23
Updated On : 26 Apr 2023 | 1:21 PM IST

Sugar rush: Ex-mill prices up nearly Rs 150-200 per quintal in a month

Concerns about low output behind the uptick; retail prices may remain flat

Sugar rush: Ex-mill prices up nearly Rs 150-200 per quintal in a month
Updated On : 09 Apr 2023 | 11:56 PM IST

Sugar output falls 3% to 29.96 mn tonnes in Oct-Mar of 2022-23: Isma

India's sugar production fell 3 per cent to 299.6 lakh tonnes in the first six months of the 2022-23 marketing year ending September, according to industry body ISMA. Sugar output stood at 309.9 lakh tonnes in the corresponding period of the previous year. The sugar marketing year runs from October-September. As per the data, sugar production in Uttar Pradesh rose to 89 lakh tonnes during October 2022-March 2023 period from 87.5 lakh tonnes in the year-ago period. Maharashtra's sugar production fell to 104.2 lakh tonnes from 118.8 lakh tonnes, while output in Karnataka declined to 55.2 lakh tonnes from 57.2 lakh tonnes. ISMA has projected production for 2022-23 to 340 lakh tonnes against 358 lakh tonnes in the 2021-22 marketing year.

Sugar output falls 3% to 29.96 mn tonnes in Oct-Mar of 2022-23: Isma
Updated On : 05 Apr 2023 | 11:37 PM IST

Sugar output falls to 28.18 mn tonnes till March 15 of 2022-23: ISMA

The country's sugar output remained marginally lower at 28.18 million tonne till March 15 of the ongoing marketing year, industry body ISMA said on Friday. Sugar production stood at 28.45 million tonne in the same period of the 2021-22 marketing year. The sugar marketing year runs from October to September. According to the Indian Sugar Mills Association (ISMA), around 336 sugar factories were in operation in the period under review against 438 factories in the year-ago period. After diversion for ethanol production, the country's sugar production was 28.18 million tonne during October-March 15 of the ongoing 2022-23 marketing year, the industry body said in a statement. The output in Maharashtra -- the country's leading producer of the sweetener -- remained lower at 10.19 million tonne during October-March 15 of the ongoing marketing year compared to 10.90 million tonne in the year-ago period. The production in Karnataka too, the country's third largest sugar-producing state, s

Sugar output falls to 28.18 mn tonnes till March 15 of 2022-23: ISMA
Updated On : 17 Mar 2023 | 6:52 PM IST