Page 5 - Sugar

Need a balanced approach

Sugar sector's success has environmental risks

Centre to increase sugar export quota soon: Shah assures Maharashtra govt

Union Cooperation Minister Amit Shah on Tuesday assured leaders from Maharashtra that the Centre would soon increase the export quota sugar and take steps to help the ailing sugar industry in the state. Shah gave the assurance during a meeting with Maharashtra BJP leaders, who also have stakes in the sugar cooperatives sector. The state leaders were part of a delegation led by Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis. "The export quota (for sugar) has been exhausted. Since Maharashtra is a coastal state, we can export sugar through our ports. The minister also took a constructive approach on the issue and assured us to increase the quota or take an appropriate decision in this regard," Fadnavis told reporters here. The meeting was attended by BJP leaders Raosaheb Patil Danve, Pankaja Munde, Radhakrishna Vikhe Patil, Harshvardhan Patil, and Dhananjay Mahadik, among others. Shinde said the delegation apprised Shah about the difficulties faced by the

Govt to take call on increasing sugar export quota next month: Food Secy

Over 1,000 crore litres of ethanol would be required to achieve 20 per cent blending of ethanol with petrol, he said, adding that out of that around 50 per cent will come from sugarcane

Best of BS Opinion: Cut down on sugar, next level in AI, and more

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Cut down on sugar

Multiple levers are available to improve public health

Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER

Globally, supply is expected to ease as output in Brazil and Thailand, both major producers, is likely to revive

India exports 562,000 tonnes of sugar till Dec 9 in 2022-23: AISTA

India has exported 5.62 lakh tonne of sugar so far in the current 2022-23 marketing year that began in October, trade body AISTA said on Tuesday. In November, the government allowed the export of 60 lakh tonne of sugar in the current (2022-23) marketing year (October-September). According to the All India Sugar Trade Association (AISTA), the dispatches for exports from sugar mills were at 12.19 lakh tonne, out of which physical shipment completed stood at 5.62 lakh tonne till December 9 of the current marketing year. A maximum of sugar has been exported to the UAE, followed by Bangladesh, Indonesia, Somalia and others in the said period, it said in a statement. About 5.22 lakh tonne of sugar is under loading or waiting for loading, it added. India exported a record 111 lakh tonnes of sugar in the 2021-22 marketing year.

Sugar output up 5%; mills contract for 4.5-5 mn tonnes exports so far

Sugar production has increased 5 per cent to 82.1 lakh tonnes between October 1 and December 15 period of this marketing year, while mills have contracted to export 45-50 lakh tonnes of sweetener, industry body ISMA said on Monday. Sugar marketing year runs from October to September. The production of sugar stood at 77.9 lakh tonnes in the corresponding period of the 2021-22 marketing year. "As per port information and market reports, about 45-50 lakh tonnes of contracts for export of sugar have already been entered into so far. Out of that, about 6 lakh tonnes of sugar have been physically exported out of the country up to 30th November," Indian Sugar Mills Association (ISMA) said in a statement. Market reports suggest that another 8-9 lakh tonnes of sugar is in pipeline to be exported in December, thereby total exports by the end of this month could be around 15 lakh tonnes. India exported a record 111 lakh tonnes of sugar in 2021-22 marketing year. In November, the government

Govt consider increasing sugar export quota after evaluating local output

The government may consider increasing sugar export quota for the current 2022-23 marketing year after assessing the domestic production in January. In November, the government allowed export of 60 lakh tonnes of sugar for the 2022-23 marketing year (October-September). India exported a record 111 lakh tonnes of sugar in 2021-22 marketing year. On being asked if the government will consider increasing export quota, Food Secretary Sanjeev Chopra said the ministry will assess the domestic production of sugar in January and then decide whether to raise the quota or not. The food secretary was speaking on the sidelines of Annual General Meeting (AGM) of industry body ISMA. Addressing the AGM, Indian Sugar Mills Association (ISMA) President Aditya Jhunjhunwala hoped that the government will increase the export quota from the current 60 lakh tonnes. "We are grateful that exports are allowed with the option provided to sugar mills to exchange their export quota with domestic sugar sale

Sugar production may see marginal fall in 2022-23 on extended rains

Industry players said the prime reason for a slight drop in output is due to the fact that the sugarcane crushing season started late

India enters into deal for export of 3.5 MT sugar so far in 2022-23: ISMA

India has entered into a contract for export of about 35 lakh tonnes of sugar so far in the ongoing 2022-23 season, out of which 2,00,000 tonnes have been shipped last month, industry body ISMA said on Thursday. The 2022-23 sugar export policy announced on November 5 allowed exports of 60 lakh tonnes of the sweetener on a quota-basis till May 31. Further quantities for export would be allowed after assessing the domestic production. Sugar season begins from October to September. According to Indian Sugar Mills Association (ISMA), "As per port information and market reports, about 35 lakh tonnes of contracts for export of sugar have already been entered into so far." Out of this, about 2,00,000 tonnes sugar have been physically exported out of the country in October, when compared to about 4,00,000 tonnes in the corresponding month last year, it said in a statement. ISMA noted several traders entered into export contracts for the 2022-23 season much before the export policy was ...

India notifies 8,606 tonnes of raw cane sugar exports to US under TRQ

The government on Wednesday notified exports of 8,606 tonnes of raw cane sugar under the tariff-rate quota (TRQ) scheme to the US. Shipments under the TRQ enjoy relatively low customs duty. After the quota is reached, a higher tariff applies on additional imports. "The quantity of 5841 MT (raw/refined) sugar to be exported to EU and quantity of 8606 MTRV raw cane sugar to be exported to USA under TRQ scheme from October 1, 2022, to September 30, 2023 has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice. India, the world's second biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well. The DGFT said that the quota will be operated by APEDA.

Are sugar alternatives actually healthy? Here's what experts suggest

On World Diabetes Day, Business Standard spoke with experts to demystify sugar substitutes that have found a way into our diet

May raise sugar export quota after assessing domestic output: Food Ministry

The government, which has allowed export of 6 million tonne of sugar till May 31 of the ongoing 2022-23 season, on Sunday said it could consider allowing more export after periodic assessment of the domestic production. A food ministry notification issued on November 5 said export quota of 6 million tonne has been permitted from November 1 till May 31, 2023 with an option for millers to export on their own or through exporters or swap with domestic sale quota. In a statement issued on Sunday, the ministry said the export quota has been fixed based on the available initial estimates of sugarcane production in the country. "The sugarcane production in the country will be reviewed periodically and based on the latest available estimates, the quantity of sugar exports to be allowed could be reconsidered," the ministry said. Mills have been asked to export allocated sugar quota speedily to make early payment to cane farmers, it said. Mill-wise sugar export quota has been fixed for the

Govt resumes sugar exports; allows 6 mn tonnes on quota basis till May 31

The south Asian country is the world's biggest producer of sugar and the second biggest exporter of the sweetener

Food prices at 9-month low as slow staples demand offset war disruptions

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

October sugar production falls 14.73% to 405,000 tonnes: NFCSFL data

Sugar production in India, the world's major producer, fell 14.73 per cent year on year to 4.05 lakh tonnes in the first month of the 2022-23 marketing season, according to cooperative body NFCSFL data released on Monday. Mills had manufactured 4.75 lakh tonnes of sugar during October in 2021-22 marketing season. Sugar marketing season runs from October to September. National Federation of Cooperative Sugar Factories Ltd (NFCSFL) has pegged sugar production at 36 million tonnes for the 2022-23 marketing season. According to NFCSFL, the new sugar season has commenced in Maharashtra and Karnataka. The cane crushing operations in Uttar Pradesh and rest of the cane growing states would kick off in a week's time. As per the data, sugar production in Maharasthra remained lower at 80,000 tonnes of sugar till October of the current season, as against 1.40 lakh tonnes in the year-ago period. Similarly, sugar production in Karnataka reached 2.80 lakh tonnes, lower than 3.10 lakh tonnes in t

Centre extends ban on sugar exports; opens door for shipments under quotas

The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market. Earlier, the restrictions were imposed till October 31 this year. "Restriction on export of sugar (raw, refined, and white sugar) is extended beyond October 31, 2022 till October 31, 2023, or until further orders, whichever is earlier. Other conditions will remain unchanged," the Directorate General of Foreign Trade (DGFT) said in a notification dated October 28. However, it said these restrictions will not be applicable on sugar being exported to the EU and the US under CXL and TRQ duty concession quotas. A specified amount of sugar is exported to these regions under CXL and TRQ (tariff rate quota). India has been the highest producer and the second largest exporter of sugar in the world in the current year.

India's sugar output to be higher at 36.5 mn tonnes in 2022-23: ISMA

India is expected to produce around 36.5 million tonnes of sugar in the new season that began on Oct 1, a leading industry body said on Monday

Sugar producers sign deals in 'golden opportunity' on tight global market

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year