Maharashtra estimates sugar production of 7.34 million tonnes this year.
Ram Gopal Yadav (9 years ago)

India top sugar producing state Maharashtra begin this year sugarcane crushing season from 1 November. This season Maharashtra estimates a sugarcane yield of 72.2 million tonnes and sugar production of 7.34 million tonnes. The state expects around 170 sugar factories, both in the co-operative and private sectors, to operate in this crushing season.

Maharashtra sugar mills seek rejig of loans for 10 years.
Ram Gopal Yadav (9 years ago)

Sugar millers are now seeking restructuring of loans for a period of 10 years. Heavy rains in the last few days have made it difficult for them to advance the crushing operations. The millers have also sought government guarantee to enable some of the mills to procure loans from banks since several mills are in a bad shape. Several mills in the state owe dues to the tune of Rs 2,600 crore. Nearly 50% of the mills in Maharashtra has the capacity to crush 2,000-2,500 tonne per day. These are making losses to the tune of Rs 10-20 crore. Those with a higher capacity are incurring losses of about Rs 30-40 crore for the season.

Global sugar prices seen falling 24% on year 2017-18.
Ram Gopal Yadav (9 years ago)

Global prices of raw sugar are estimated to fall 24% on year to 13 cents a pound (1 pound = 0.45 kg) in 2017-18 (Oct-Sep) due to higher supplies. Global sugar production is expected to increase 7% on year to a record 190 million tonne, slightly higher than the forecast in June. The output in Brazil, the world’s largest producer, is seen increasing 1% to 40 million tonne in 2017-18, and 47% of the cane crushed is expected to be allocated for sugar production, up from 46% in 2016-17. Sugar production in India is expected to be around 27 million tonne in 2017-18, up 11% on year. Global sugar stocks are seen up 7% at 76 million tonne in 2017-18, as production is seen increasing faster than consumption.

Argentina govt source sees country’s FY18 soybean output rising 6%.
Ram Gopal Yadav (9 years ago)

Soybean production in Argentina is seen rising over 6% to 58 million tonne in 2017-18 (Apr-Mar) due to likely favourable weather. The country is estimated to have harvested around 55 million tonne soybean in 2016-17. Weather is seen largely conducive this year and farmers in the South American country may also increase acreage of the crop, which may boost output further. Soybean acreage is estimated at 19 million ha in 2017-18, higher than 18 million ha a year ago. Stocks of the commodity at the end of 2016-17 are estimated at 4.9 million tonne, lower than 5.6 million tonne at the end of the preceding year.

Supply of seed for chana crops ample for rabi season.
Ram Gopal Yadav (9 years ago)

Supply of wheat seed, chana seed and mustard seed is seen in sufficient quantity for upcoming rabi sowing season. The country currently has stock of chana seed is at 192,600 tonne, 21,000 tonne more than required. Govt have Lentil seed 100 tonne short of requirement for rabi sowing. Around 13,600 tonne of lentil seeds is currently available in the country for sowing.

Farm secretary says 2017-18 tur production seen tad down on year.
Ram Gopal Yadav (9 years ago)

India’s tur production for 2017-18 is likely to be slightly lower on year. The farm ministry, in its fourth advance estimate released in August, had predicted India’s 2016-17 tur output at 4.78 million tonne. Tur output is expected to come down slightly, but output of urad is seen higher from last year. A significant decline in area under tur so far is likely to pull down output for the pulse this season but higher acreage under urad is seen raising production. The area under tur crop fell nearly 18% on year to 4.3 million ha as of last week, and that under urad was at 4.26 million ha, up 21% on year.