Sugar production News

India has become the largest producer of sugar in the world in 2022-23. India has also become the second largest exporter of sugar. The government has restricted sugar export up to 100 LMT from June 1 till October 31.

Pakistan is expecting sugar production of 5.6 million tonnes in the ongoing 2020-21 marketing year India, the world's second-largest sugar-producing nation after Brazil

The sugar output in the ongoing 2018-19 marketing year (October-September) is pegged at 33 million tonnes, lower than 34.3 million tonnes achieved in the previous year.

The country is all set to produce record 29.5 million tonnes of the sweetener in the current 2017-18 marketing season.

Releasing the latest production figures, ISMA said sugar production during October-November reached 39.51 lakh tonnes, much higher than 27.82 lakh tonnes in the year-ago period.

India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept 30.  

The government has created buffer stocks of 18 lakh tonnes of pulses so far and also decided to procure dals from farmers till April 22, Food and Consumer Affairs Minister Ram Vilas Paswan said today.

The government on Wednesday allowed duty free import of up to 5,00,000 tonnes of raw sugar to boost domestic supplies and check price rise amid production fall.

To check spiralling price of sugar which has crossed Rs 40 per kg, the government on Thursday imposed stock limits on sugar mills during the festival season till October-end.

Finance Minister Arun Jaitley on Monday held an inter-ministerial consultation on imposing ban on sugar futures trading in an effort to curb speculation and check price rise of the sweetener during festival season.

The Cabinet Committee on Economic Affairs (CCEA) is likely to review production subsidy to sugar mills for 2015-16 season tomorrow, taking into account lower sugar production and exports.

Government is mulling imposing stock limit for sugar millers and restricting domestic sales by fixing quota on each mill to tame sweetener's retail prices, which are currently ruling as high as Rs 43 per kg.

New Delhi: India has exported over 1.6 million tonnes of sugar so far in 2015-16 marketing year that started from October last, up 46 percent from the whole of previous year, according to industry body ISMA.

The Food Ministry has proposed imposing 25 percent duty on export of sugar to ensure sufficient supply in the domestic market, Union Minister Ram Vilas Paswan has said.

"We just started working on it. Because quantum of sugar is annually getting accumulated. In the last four years it (the accumulation of sugar) has been quite substantial," she told reporters here.

Sugar Companies exported 6,101 tonnes of the sweetener to the EU and 8,071 tonnes to the US till July 21 under the preferential quota system, Parliament was informed on Friday.

India's sugar production rose by 15 percent to 26.35 million tonnes so far during the current marketing year, resulting in fall of ex-factory prices to seven-year low and a surge in cane arrears to nearly Rs 20,000 crore.

The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Thursday a proposal to extend export subsidy to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.

Sugar remained sweet for consumers this year but turned bitter for mill owners who faced huge losses estimated at over Rs 3,000 crore and struggled to make payments to cane farmers due to sluggish sales realisation.

Food Minister Ram Vilas Paswan made it clear to mill owners that threats are not the right way to solve problems because farmers have other options and they do not have.