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):
Sugarcane Sowing Progress, Concern on Domestic Crop
As per recent release (as on 8th Sep 2023), the Department of Agriculture and Farmers Welfare states that sugarcane sowing is up by 8% to 59.9 lakh hectares from 55.6 lakh hectares at the same corresponding […]
India’s Sugar Dilemma: Rising Prices, Export Concerns, and Festive Season Demand
The country’s annual consumption of the sweetener is about 27 million tonne. Sugar prices rose to a six-year high, amid concerns over a deficient monsoon, but the government has maintained that there are sufficient stocks to […]
Sugarcane Sowing Progress, Concern on Domestic Crop
As per recent release (as on 25th Aug 2023), the Department of Agriculture and Farmers Welfare states that sugarcane sowing is up by 1% to 56.0 lakh hectares from 55.5 lakh hectares at the same corresponding […]
Sugarcane Sowing Progress, Concern on Domestic Crop
As per recent release (as on 18th Aug 2023), the Department of Agriculture and Farmers Welfare states that sugarcane sowing is up by 1% to 56.0 lakh hectares from 55.3 lakh hectares at the same corresponding […]