Sugar

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Indian Sugar Mills Association (ISMA), in a statement, said the country's sugar output has risen to 34.23 mn tonnes till April of the current marketing year, from 30 million tonnes in year-ago period

Government says prices won't rise; closing stock levels seen among lowest in last 10 years

The sugar marketing year runs from October to September.

Sugar exports rise by 65% during FY22 alone, says Ministry of Commerce & Industry

Maharashtra, Uttar Pradesh and Karnataka are the top three sugar producing states in the country

Mills have already dispatched around 5.7 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills Association (ISMA) said in a statement.

India is considering restrictions on sugar exports for the first time in six years and may cap exports at around 8 million tonnes in an effort to prevent domestic prices surging

India could export a record 7.5 million tonnes of sugar in the 2021/22 marketing year, nearly 25% more than the previous estimate, with output set to reach a record high

A decision in this regard was taken at the Board's meeting held on Thursday

Among the major sugar companies, stocks of Dharani Sugars have jumped 305 per cent, Shree Renuka Sugars 239 per cent, and Triveni Engineering Industries 238 per cent.

Exports are likely to be robust at about 5 million tonne. A 15-16 per cent rise in international prices is expected to make exports viable despite there being no government subsidies this time around.

Indian sugar mills are still waiting for global sugar prices to rise to enter into further export deals, industry body ISMA said on Monday.

In its response to WTO members over the concerns, India said the support given was largely to small and marginal farmers and was in accordance with its commitments at the trade body

Sugar mills have exported 9.39 lakh tonnes of the sweetener till the first week of December during the ongoing 2021-22 marketing year that started from October 1, and are not in hurry to sell further

Consolidated sugar operations, including refinery business, reported a loss before interest and tax of Rs 28 crore during the quarter