The USDA predicts India’s centrifugal sugar production in the marketing year 2024-2025 to reach 34.5 million metric tons, equivalent to 33 million metric tons of crystal white sugar. Due to delayed rains in Maharashtra and Karnataka […]
Centre directs States/UTs to enforce weeklystock disclosure of pulses
Pulses stocks in warehouses located in major ports and in pulses industry hubs should be verified Strict action to be taken on stockholding entities found to be reporting false information on stock disclosure portal The Centre […]
India likely to experience normal monsoon this year
India is expected to have a ‘normal’ monsoon between June and September 2024, with monsoon rains predicted to be 102% of the long-period average. Different regions of India will experience varying levels of rainfall, with above-normal […]
AISTA raises sugar output estimate marginally to 32 MT for 2023-24 season
Due to an increase in production in Maharashtra and Karnataka, the sugar trade association AISTA revised the nation’s sugar production upward by 4,00,000 tons to 32 million tonne for the 2023–24 season (October–September). The availability of […]
ISMA requests that the government allow a million tonnes of sugar to be exported this season
With a healthy closing stock before the conclusion of the season, the Indian Sugar Mills Association (ISMA) has asked the government to permit the export of 10 lakh tonnes of sugar during the current 2023–24 season. […]
Government fixes 25 LMT monthly sugar quota for domestic sale in April 2024
In an announcement on March 26, the food ministry allocated a monthly sugar quota of 25 lakh metric tonnes (LMT) for April 2024, which is 3 LMT higher than the quantity allocated in April 2023 (22 […]
Ministry releases Second Advance Estimates of Major Agricultural Crops for the year 2023-24
The Ministry of Agriculture and Farmers Welfare has released Second Advance Estimates of Major Agricultural Crops (Kharif & Rabi Season) for the year 2023-24. From the last agricultural year, the summer season has been segregated from […]
The government will begin buying maize from farmers at a guaranteed price for distillers.
The standard operating procedure (SoP) for the government’s plan has been released. According to it, cooperatives like NAFED and NCCF would contract with distillers to guarantee a supply of maize at ₹2,291 per quintal for the […]
The nation blends 11.20% ethanol; updated contracts and allocations are the main focus
The country has effectively attained an ethanol blending rate of 11.20% as of February 4, 2024. The current Ethanol Supply Season began on November 1, 2023, and the revised allotment for ethanol deliveries from (Sugar) molasses-based […]
U.S. Weather Forecaster Predicts La Nina Pattern Following Transition from El Nino in 2024, Impacting Global Agriculture and Monsoon Season
La Nina means colder-than-usual temperatures in the Pacific Ocean near the equator and often brings floods and droughts. The National Weather Service’s Climate Prediction Center (CPC) mentioned that although predictions made during spring are not always […]
Indian sugar trade body estimates output 4% lower at 31.6 million tonnes
The All India Sugar Trade Association (AISTA) released its initial estimate, which predicts that India’s sugar production will likely decrease by 4% to 31.6 million tonnes (mt) for the October 2023–September 2024 season from 32.9 mt […]
Molasses obtained from the refining of sugar is subject to a 50% export levy imposed by the government.
The Center has placed a 50% export tariff on molasses that come from the extraction or refinement of sugar, according to a government notification that was made public on January 15. As of January 18, this […]
India’s Agricultural Exports Set to Surge Despite Restrictions on Key Commodities
In the face of restrictions on wheat, rice, and sugar exports, India’s agricultural sector is gearing up for a robust performance in the fiscal year 2023–2024. The country, ranked as the second-largest producer of wheat, rice, […]
Exchanges are buzzing as MCX switches to new software
The two major events in 2023 that market players will remember for a very long time are the country’s largest commodity exchange, MCX, switching to new software, and the one-year extension of the prohibition on trading […]
India Chairs International Sugar Organization 2024
India has been appointed as the Chair of the International Sugar Organization (ISO) for the year 2024, as announced during the 63rd council meeting held in London. As the largest consumer and second-largest producer of sugar […]
Year-Round Availability: Center Considers Sugar Stock Declaration
To ensure continuous availability throughout the year, the center may implement a requirement for sugar stock declaration. The government is exploring a system to compel mills, stockists, and wholesalers to declare their sugar stocks, aiming to […]
ISMA projects 8% drop in 2023-24 sugar production at 337LT
The Indian Sugar Mills Association (ISMA) released its preliminary projections for the 2023-24 sugar season (SS), forecasting sugar production at approximately 337 lakh tonnes (lt), a decline of around 8 per cent from the estimated 366 […]
The govt. announces 2nd tranche of its 15 LMT domestic sugar allotment for Oct 2023
The government released 15 lakh metric tonnes (LMT) of sugar for the second tranche of October’s domestic sales quota. The government had previously released the first tranche of the domestic sales quota, totaling 13 LMT, for […]
Pulses Market Recap
As per ABARES report published on 4th Sep. Lentil production for this year estimated at 12.2 lakh tonne, down by 27.2% from 16.8 lakh tonnes in previous year. Whereas lentil crop area also down by 0.2% […]
USDA’s September month WASDE Report
According to USDA’s September month WASDE Report (World Agricultural Supply and Demand Estimates):