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…
Parliament was informed on Friday that the Central Government has disbursed Rs 15,948 crore under various schemes to various sugar mills in the last 5 years till January 31 to clear the sugarcane price arrears of the farmers. According to the Union Minister of State for Commerce and Industry, the Central Government has introduced these…
India’s sugar production is expected to decrease by 4 per cent in the October 2023 to September 2024 season to 31,6 million tones from 32,9 million tones in the previous season as per the first estimate made by the AISTA (All India Sugar Trade Association). The production, with a range of plus or minus by…
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…
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)…
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…
As a result of low cane yields due to a lack of rain, India is anticipated to forbid mills from exporting sugar starting in the upcoming season in October, suspending shipments for the first time in seven years. India’s exit from the global market would probably push up benchmark prices in New York and London,…
According to the Indian Sugar Mills Association (ISMA), increasing sugarcane diversion for ethanol production is expected to result in a 3.41% decrease in sugar production, or 31.68 million tonne (MT), in the upcoming season (October-September), compared to the season 2022-2023. It is anticipated that 32.8 MT of sugar will be produced this season. According to…
