Stock market live updates: Broader markets, too, rose in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 1 per cent
Govt wants to ensure ample supply during festive season, say sources; sugar companies' stocks slide
Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September)
India is the world's second-biggest sugar producer and the higher output could weigh on global prices
India's sugar production rose 24% to 20.9 lakh tonnes during October 1-November 15 on higher output in Maharashtra and Karnataka
The country is the world's second-biggest sugar producer and the higher output could weigh on global prices
A few mills closed operations ahead of normal schedule, a trade body said on Wednesday
Production jumped in Maharashtra, a leading trade body said
This would be 12 per cent higher than estimated production of 27.2 MT in the current 2019-20 cycle
There is likely 1% fall in sugarcane area to 22.92 lakh hectares this year
Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India, the industry body added
Sugar production could slide to between 26 million tons to 26.5 million tons in 2019-20, compared with 33.1 million tons a year earlier
According to the ISMA, mills produced 33.16 million tonne of sugar during the 2018-19 marketing year, of which sales were 25.5 million tonne.
Two producing states of UP and Maharashtra alone are expected to produce over 10 million tonnes this season