In today's commodities if we talk about sugar industry, it really goes high. Demand is rising day by day that results imbalance in supply-production chain. Price of sugar has been raised many times. But it is still in demand with high rates. All this depend on cultivation and production of sugarcane in the fields.
SUGAR INDUSTRY IN INDIA Sugar is produced by pressing out the juice from sugarcane & then boiling it into crystals. This process was developed in India around 500 BC. The sugarcane cultivation is believed to have originated in New Guinea, and was spread along routes to Southeast Asia and India.
There have been some recent developments in the sugar sector, which pertain to the pricing of sugarcane and deregulation of the sector. On January 31, the Cabinet approved the fair and remunerative price (FRP) of sugarcane for the 2013-14 season at Rs 210 per quintal, a 23.5% increase from last year's FRP of Rs 170 per quintal.
By: Ankit Abraham Sinha, Analyst & Dhrubajyoti Kalita, Assistant Manager The sugar industry has witnessed a fourth consecutive season of large global surplus since 2010-2011. Hence, global sugar production is likely to grow at a sluggish pace in the current marketing year, signaling the end of the surplus phase in the world sugar cycle.
