Tuesday, October 23, 2018
News

Sugar production at 299.80 lakh tonne as of April 15: ISMA

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Tuesday, 2018 3:45:05 PM IST
India has produced 299.80 lakh tonne sugar as of April 15 during the current October-September 2017-18 season, the Indian Sugar Mills Association (ISMA) said here on Tuesday.

"Sugar production in the current season upto April 15, has crossed the expected levels and the Indian sugar industry has already produced 299.80 lakh tonne," ISMA said in a statement, adding that, "the actual sugar production upto April 15 is already 50 lakh tonne more than the estimated sugar consumption for the whole season upto September 30".

Out of the total 524 sugar mills which operated in the ongoing season, 227 were crushing sugarcane as on April 15, it said.

The major producers -- Maharashtra, Uttar Pradesh and Karnataka -- have so far produced 104.98 lakh tonnes, 104.8 lakh tonnes and 36.3 lakh tonnes, the data showed.

"Since 227 sugar mills are still crushing sugarcane, there will be a further addition to the stocks which will only increase the surplus sugar availability over and above the domestic requirement," the statement said.

The association further said that due to the high stocks, the market price of the sweetener across the country is lower by around Rs 8 per kilogram than the production cost.

According to ISMA, sugar mills have been unable to pay cane prices to farmers due to the depressed sugar prices.

"As on March 15, the cane price arrears reported to the government was already over Rs 18,000 crore across the country. Since the sugar prices have only fallen from therein, the cane price arrears would have crossed Rs 20,000 crore, which would be the highest ever at this time in any of the past seasons."

--IANS rrb/nks/vm

( 289 Words)

2018-04-17-15:02:09 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Iran vows to abort US sanctions...
India wins Investment Promotion Award...
Saudi Arabia: World's 3rd largest weapon...
Energy stocks, rupee subdue equity indic...
Synechron launches AI Data Science accel...
Nearly 40 lakh tonnes paddy procured in ...
More...
 
INDIA WORLD ASIA
29 personnel of Tripura State Rifles inj...
Assault case: Delhi court allows chief s...
3 Paytm employees arrested for trying to...
Congress, JD-S campaign for by-elections...
Bengal parties accuse Centre of using CB...
Lucknow: Groom's head tonsured after he ...
More...    
 
 Top Stories
Assault case: Delhi court allows ch... 
Jared Kushner advises Saudi crown p... 
3 Paytm employees arrested for tryi... 
Dialogue with US open if Washington... 
Another separate Trump-Putin meetin... 
Israel discovers blood test to matc... 
Iran vows to abort US sanctions... 
India wins Investment Promotion Awa...