Due to healthy demand and lifting curbs on non-basmati rice, India’s agri exports are expected to reach USD 50 billion in 2024-25. Export curbs on rice, wheat, and sugar impacted agri exports by about USD 6-7 billion. However, removing rice curbs is expected to boost exports, with rice exports expected to reach 17-18 million tonnes…
According to the food ministry, 33 million tons (MT) of sugar will be produced during the 2024–25 sugar season (October–September). This amount would be sufficient to meet 29 MT of domestic consumption each year as well as the 4.5 MT needed to produce ethanol. 5.76 million hectares of sugarcane were sown during the current Kharif…
The Food Minister Pralhad Joshi stated on Thursday that the government is expected to approve raising the minimum sale price (MSP) for sugar as well as domestic ethanol pricing, as requested by the industry. In addition to the mills’ MSP for sugar, Joshi stated that the government is considering proposals to raise the price of…
According to trade data issued on Monday, India’s net sugar production decreased slightly to 280.79 lakh tons as of March 15 of the current marketing year, which began in October 2023. The Indian Sugar Mills Association (ISMA) released a statement saying, “Sugar production till 15th March 2024 in the current 2023-24 season reached 280.79 lakh…
The government will take into account the demand for increased minimum sale prices (MSP) of sugar from mills in line with the fair and remunerative price (FRP) of sugarcane paid to farmers. “We are hoping to find a solution. The Indian Sugar Mills Association (Isma) has been pressuring the government to raise the millers’ MSP…
As it struggles with shortages at home, India, the world’s top consumer of ethanol made from sugar cane, is thinking about reducing its output. According to persons familiar with the situation, who wanted to remain anonymous since the talks are private, authorities are looking into a proposal to restrict the amount of sugar-cane juice used…
In the initial estimate of the output, released on Tuesday by the Indian Sugar Mills Association (ISMA), India’s gross sugar production is predicted to fall by 8% to 33.7 million tonne (MT) in the 2023–24 season (October–September) compared to the previous season. According to ISMA, this season’s sugar output will be enough to meet the…
According to a notification released by the directorate general of foreign trade (DGFT), the government on Wednesday extended the ban on sugar exports past October 31.As to the notification, “Export restrictions on sugar, including raw, white, refined, and organic sugar, are extended beyond October 31, 2023, until further order.” The government said last year that…
Turmeric prices saw a small gain of 0.21%, closing at 15,622, spurred by increased purchasing activity associated with holiday demand. The shortage of turmeric on the market is made worse by Maharashtra’s declining turmeric production. Though supplies of turmeric are still scarce, upcoming beneficial rainfall in Maharashtra and Telangana is anticipated to boost crop growth….
Prior to future festivities like Vijaya Dashami and Deepawali, the Nepali government plans to import 20,000 metric tonnes (MT) of sugar from India to accommodate domestic demand. The Finance Ministry has approved the import of only 20,000 MT of sugar at this time, despite the Ministry of Industry, Commerce, and Supplies’ request for a 60,000…
