Indian Sugar Mills Association says won't impact consumer price as ex-mill sugar price is already higher
Strong demand for raw sugar as Brazil's output drops; traders so far sign contracts to export 725,000 tonnes of sugar
The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry
After petrol, now the price of food items including sugar, wheat flour has been increased in Pakistan, amid its worsening economic situation.The Economic Coordination Committee (ECC) of the cabinet on Friday approved an increase in rates of sugar, wheat flour and ghee (butter) at the Utility Stores Corporation (USC) of Pakistan, reported The News International.The price of sugar was jacked up from Rs 68 per kg to Rs 85 per kg, ghee (butter) from Rs 170 to Rs 260 per kg and wheat flour from Rs 850 per bag to Rs 950 per bag at the USC owing to the increasing gap between the subsidised prices offered by the Utility Stores Corporation and the prevailing market prices.The committee approved revision in the prices of three essential commodities to rationalise provision of subsidies by the USC.The News International further reported that the minister for finance and revenue Shaukat Tarin chaired the committee meeting. The committee also approved the import of 200,000 ton sugar, subsidy on ...
This will come despite likely diversion of 3.4 million tonnes sugar towards ethanol
Experts cite three key drivers of what they see as a permanent change in production patterns
Sugar production rose by 13% to 30.56 million tonnes in the first eight months of the current marketing year ending September, mainly due to higher output in Maharashtra, according to trade data
India's sugar exports are on a "good course" this year as traders have contracted over 50 lakh tonnes of the sweetener so far, Food Secretary Sudhanshu Pandey said on Monday.
India's sugar industry is well poised to benefit from global and domestic factors.
Assuming normal rainfall and favorable weather conditions, India's centrifugal sugar production in marketing year (MY) 2021/22 (October-September) is forecast to grow 3% to 34.7 million metric tons
The country is the world's second-biggest sugar producer and the higher output could weigh on global prices
The Centre has floated tenders seeking supply of 350 crore litres of ethanol to be blended with vehicle fuel.
India, the world's second-largest sugar-producing country, had to offer export subsidies during the last two years in order to reduce surplus stocks
Consumption in India has stagnated at 19 kilograms per capita per year compared with a global average of 23 kilograms
Cost-price mismatch is only part of the story; lack of working capital for mills and delay in release of subsidy add to the strain in the entire system
India's sugar harvest begins in October, when other major producers are winding down
The area planted with rice, the main food crop of the world's second-most populous country, was 26.7 million hectares, compared with 22.4 million hectares in the year-earlier period
In Maharashtra, production is expected to increase by 64% year-on-year at 10.1 million tonnes and in Karnataka, by 26% Y-o-Y
Industry seeks allocation of special fund to clear pending export subsidies
Industry seeks allocation of special fund to clear pending export subsidy