Sugar will be expensive after milk, egg, onion, and oil, know what is the reason

hike in sugar price

The country’s sugar production, in the first three months of the current marketing year ending in September, fell by a staggering 30.22 percent to 77.9 lakh tonnes. Giving this information, the China industry said on Thursday that despite the decline in production, the mill price of sugar is strong and this is making it easier for the mills to pay the sugarcane dues of the farmers.

Total production until December stood at 77.9 lakh tonnes

Isma said that in the current crushing season till the end of December 2019, the total sugar production of the country stood at 77.9 lakh tonnes. In the same period of sugar production marketing year 2018-19 (October-September), the production was 11 million tonnes.

The contract for export of 2.5 million tonnes of sugar

The Indian Sugar Mills Association (ISMA) quoted the market data as saying that, however, sugar exports are happening at a good pace. ISMA said that sugar mills have so far contracted for export of about 2.5 million tonnes of sugar under the government’s MAEQ (Maximum Allowable Export Quantity Quota or ‘Maximum Admissible Export Quantity Quota’).

Isma said ex-mill prices of sugar have remained stable in the range of Rs 3,250-3,350 per quintal in northern India and Rs 3,100-3,250 per quintal in south India.

The second estimate of sugar production will be released next month

ISMA said in a statement, “Since the Center has not increased the Fair and Remunerative Price (FRP) for 2019-20 and state governments like Uttar Pradesh, Uttarakhand and Punjab have not increased the State Advised Price (MSP) Therefore, the ex-mill price of sugar has remained stable, due to which the sugar mills are in a better position to pay the sugarcane price on time to the farmers. “In its first estimate, ISMA estimated sugar production to be 26 million tonnes this year. Production in the year 2018-19 was 316 million tonnes. The second estimate of sugar production will be released next month.

Sugar production in the country’s largest sugar producing state – Maharashtra – declined to 16.5 lakh tonnes by December 2019, compared to 44.5 lakh tonnes produced in the same period last year.

Data shows that sugar production is 2,65,000 tonnes in Gujarat, 2,33,000 tonnes in Bihar, Punjab 1,60,000 tonnes, Haryana 1,35,000 tonnes, Uttarakhand 1,06,000 tonnes, Madhya Pradesh 1,00,000 tonnes by December 2019. Andhra Pradesh and Telangana have reached 96,000 tonnes and Tamil Nadu to 95,000 tonnes.

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