Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Sugar output jumps 49%; mills unable to pay growers.


Date: 04-04-2018
Subject: Sugar output jumps 49%; mills unable to pay growers
New Delhi, Apr 3 () Sugar output increased 49 per cent to 28.18 million tonne (MT) so far in 2017-18 marketing year, but mills are unable to make cane payment to growers owing to low prices, industry body ISMA said today.

Consequently, total cane arrears are estimated to have reached Rs 16,200 crore as on March 31 of the current marketing year (October-September). Of this, Uttar Pradesh has maximum arrears at Rs 7,200 crore, it added.

Indian Sugar Mills Association (ISMA) has pegged sugar output at 29.5 MT in 2017-18 marketing year, as against 20.3 MT last year.

"Considering lower sugar realisation from domestic sales as well as depressed global sugar market, sugar mills are unable to generate sufficient funds for payment of cane price to farmers on time," ISMA said in a statement.

The domestic ex-mill price of sugar has crashed and is hovering at about Rs 3,000 per quintal, about Rs 500-600 per quintal below the cost of production, due to an unexpected surplus availability, it said.

Moreover, the world sugar market is depressed and importers are quoting USD 350 per tonne FOB (freight on board) for Indian sugar even as the Centre has allowed export of 2 MT, it added.

As per the latest ISMA data, mills have produced 28.18 MT sugar till March of this marketing year as against 18.88 MT in the year-ago period.

While sugar production in Maharashtra increased to 10.12 MT, Uttar Pradesh recorded 9.54 MT output and Karnataka 3.55 MT. These are top three sugar producing states in the country.

ISMA said 193 mills out of 534 have stopped crushing operations and the remaining 331 were functioning till March-end. Few more mills in Maharashtra and Karnataka might end crushing in a couple of days. 

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-09-2025
Notification No. 60/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001