Breaking News

You are here » Indian-Commodity  :  Commodities  :  Sugar  :  India's sugar output touches 32.11 MT in October-April: ISMA

06-May2019

India's sugar output touches 32.11 MT in October-April: ISMA

The industry body, Indian Sugar Mills Association (ISMA) has said that the country's sugar output reached 32.11 million tonnes (MT) in the first seven months (October-April) of the ongoing marketing year that started October 2018. It added that the total production could touch a new record of 33 MT. It said much of the sugar has already been manufactured and only a few mills are in operation at present. Besides, India's sugar output during the 2017-18 marketing year (October-September) was a record 32.5 MT, while the annual domestic requirement of India is only 26 MT.

As per the ISMA data, mills have manufactured 32.11 MT of sugar between October 2018 and April 2019. Only 100 mills were in operation as on April 30. The country's top three sugar producing states -- Uttar Pradesh, Maharashtra and Karnataka -- have produced 11.26 MT, 10.7 MT and 4.32 MT, respectively, during the October-April period of the 2018-19 marketing year.

The industry body said even though the quantum of sugarcane crushing in the current year is less than that in the last year, the sugar production in 2018-19 will be marginally more than last year. Sugar recovery in northern India has been substantially better than last year. In the other parts of the country, including Maharashtra and Karnataka also, the sugar recovery is better than last year, though not as high as it achieved in north India. Therefore, it projected that the sugar production in the current year for the whole country is expected to be around 33 MT, about 5,00,000 tonnes more than last year.

ISMA said the sugar stocks at the end of the 2018-19 marketing year would be at a higher level at around 14.7 MT taking into account the opening balance of 10.7 MT as on October 1, 2018, and estimated record output of 33 MT and domestic demand of 26 MT as well as export of 3 MT. The industry body also indicated that sugar output in the 2019-20 marketing year is likely to decline on lower sugarcane output due to lack of rains in key growing state Maharashtra and diversion to ethanol production.


Related News

View all news

India's sugar output touches 32.11 MT in October-April: ISMA

The industry body, Indian Sugar Mills Association (ISMA) has said that the country's sugar output reached 32.11 million tonnes (MT) in the first seven months (October-April) of the ongoing marketing year......

Food Ministry moves Cabinet note on creating sugar buffer stock, fixing minimum ex-mill price

In order to help cash-starved millers to clear their cane arrears which have surged to about Rs 22,000 crore, the Food Ministry has moved a draft Cabinet note on creating a sugar buffer stock of 3 million......

India's sugar production stood at 310.37 LT till April: ISMA

India's sugar production stood at 310.37 lakh tons (LT) in the current season till April 30, 2018. As per data compiled by Indian Sugar Mills Association (ISMA), with 130 sugar mills still operating, majorly......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......