Following a review of local supply, the government approved the export of one million tonnes (MT) of sugar on Monday for the current 2024–25 (October–September) season. The sweetener’s exports had been prohibited since the previous season. A notification from the food ministry states that “export quotas of 1 MT have been pro-rated among those sugar…
Due to favorable weather in the major growing states, the nation’s sugar production in the current season (2023–24) is probably going to exceed the 32.5 million tonne (MT) forecast last month, the Indian Sugar Mills Association (ISMA) stated on Tuesday. According to ISMA, the standing cane crop has benefited from recent weather, and cane commissioners…
Thanks to a sufficient buffer and improved production prospects in Uttar Pradesh, Maharashtra, and Karnataka, there won’t be a shortage of sugar during the upcoming season (October to September), the India Sugar Mills Association (ISMA) declared on Wednesday. According to ISMA President Aditya Jhunjhunwala, there will be a carryover stock of 5.5 million tonne (MT)…
Since the sugarcane crop has been hampered by excessive rainfall, primarily in Maharashtra and Karnataka, the Indian Sugar Mills Association (ISMA) has revised lower the country’s production of the commodity to 34 million tonnes (mt) for the current season (October 2022 September 2023). The projection by ISMA, an association of private sugar mills, is 5%…
According to Sonjoy Mohanty, DirectorGeneral, Indian Sugar Mills Association, The sugar sector is hoping that the government will permit the export of an additional 30 lakh tonnes (lt) of sugar (ISMA). As a result, he continued, domestic prices would remain stable, cane growers will receive payments on time, and inventory levels will decrease. The central…
The Indian Sugar Mills Association (ISMA) has urged the government to swiftly implement the sugar export strategy, claiming that the sugar selling season of 2022–2023 will require at least eight million tonnes of exports. Vivek Pittie, Director of Harinagar Mills in Mumbai and a member of ISMA, stated that the industry group thinks the government…
India’s sugar exports are likely to decline to around 8 million tonnes (MT) in the next season starting October, compared with a record shipment of around 11.2 MT worth $4.6 billion in 2021-22. The drop is assigned to lower carry-forward stocks at the start of the season. Sugar prices in the global markets are firm…
The central government has approved an additional 1.2 million tonnes (MT) of sugar exports for the current season in expectation of higher domestic production in the next season. This approval is in addition to around 10 MT of sugar already exported in the current season (October 2021-September 2022). The projected sugar exports in excess of…
Ahead of the meeting of the committee of secretaries, the sugar industry has sought the release of 10 lakh tonnes (lt) of additional export quota to mills and bringing back export under the “free” category from next season starting October 1. A sizeable quantity is likely to be cleared even if the government does not…
Across the country the sugar mills have produced 342.37 lakh tonnes (lt) of sugar between October 1, 2021, and April 30, 2022. This is about 42 lt or 14% higher than 300.29 lt produced during the same period past season. The Indian Sugar Mills Association (ISMA) has estimated that during the this season, the industry…
