Sugar industry News

Mr. Yatin Wadhwana - Director, Gradient Commercial Pvt. Ltd. sharing his views on the Indian and global sugar scenario.

In June 2020, ISMA had released its preliminary estimates of net sugar production at 305 lakh tonnes for 2020-21 SS, based on the first survey of satellite mapping carried out in June 2020.

Sugar to India is as ancient as Yoga and Ayurveda itself. It firmly occupies the position of being one of the “panchamrits” or nectars of life.

The Union Cabinet on Thursday announced the hike in ethanol prices for supply to oil marketing companies. The decision was taken to give relief to sugar mills and sugarcane farmers.

In a notification issued on 29th day of October 2020, the food ministry has allocated 22.5 LMT monthly sugar quota for November 2020 to each of 548 mills in India.

Indian sugar industry’s major player Nirani Group is looking to evolve beyond the traditional sugar business model and expand further as it targets new long-term supply deals for the ethanol, leaving sugar as a by product.

Views of Indian sugar industry on “no export subsidy”

Inauguration of newly constructed “Nano Grain based Ethanol Unit” at National Sugar Institute, Kanpur was made today by Dr. N. B. Singh, Vice Chancellor, Harcourt Butler Technological University, Kanpur.

Historically, we understand that the sugar prices dip down as the mills begin sugar crushing. It is in interest of the millers as they want to finish off old inventory in order to make storage for the new inventory.

In a notification issued on 27th day of November 2020, the food ministry has allocated 21.5 LMT monthly sugar quota for December 2020 to each of 550 mills in India.

8th day of December 2020, the Ministry of Consumer Affairs, Food and Public Distribution directed new guidelines indicating the detailed mechanism for production of ethanol separately by diversion of B-Hy molasses or C-Hy molasses or cane juice / sugar/ syrup including sale of B-Hy molasses for strict compliance by the sugar mills and distilleries.

8th day of December 2020, the Ministry of Consumer Affairs, Food and Public Distribution directed new guidelines indicating the detailed mechanism for production of ethanol separately by diversion of B-Hy molasses or C-Hy molasses or cane juice / sugar/ syrup including sale of B-Hy molasses for strict compliance by the sugar mills and distilleries.

An eminent international sugar analyst and broker Julian Price shared his views on the impacts of Covid-19 and climate change in trade flows and logistics.

The Indian sugar industry, standing as the second largest agro-based industry contributes significantly to the socio economic development of the nation.

Speaking on the Indian side, Mr. Somnath Chatterjee - Head Procurement & Logistics for a leading FMCG company shared his views.

We've got insights from an interesting conversation we had with Mr. Indraneel Chitale from Chitale Group on consumer pattern and buying behavior after Covid-19 pandemic.

In a notification issued on 26th day of February 2021, the food ministry has allocated 21 LMT monthly sugar quota for March 2021 which is same as the quota allocated in March 2020.

According to the latest reports of ISMA, during 2020-21 SS, 502 sugar mills started crushing operations as against 457 mills which operated last year i.e., 45 more mills operated this year.

In a notification issued on 31st day of March 2021, the food ministry has allocated 22 LMT monthly sugar quota for April 2021 which is 4 LMT higher than that quota allocated in April 2020.

Advanced bioenergy has the potential towards stimulatisation of rural development and generation of wealth within the growing bioeconomy.

The food ministry has allocated 22 LMT monthly sugar quota for July 2021 to 555 sugar mills which is 1 LMT higher than the quota allocated in July 2020.