Sugar

Indian sugar prices outpace drop in global prices.

India govt moots cess on sugar, subsidy for cane farmers.

Source says govt mulling to facilitate export of raw sugar in 2018-19.

Sources say GST Council to mull levying cess on sugar at next meet.

Maharashtra 2018-19 sugar output seen at record high of 12 mln tn.

Sugar prices plunge on record production, weak demand.

ICE raw sugar at 30-month low on high global supplies.

Kenya sugar production seen up 19% on year.

Surge in sugar causes price crash; govt calls meeting.

Maharashtra government plans subsidy for mills to export sugar.

Australian sugar industry warned to look beyond biofuel future.

This year, Maharashtra has broken a record and touched the highest sugar production in its history at 105.58 lakh tonnes. By the end of the season in May, sugar output in the state is set to hit 107-108 lakh tonnes. The previous record was in 2014-15 at 105.14 lakh tonnes. But the glut is worrying for sugar factories and cane farmers. Sugar prices have crashed by Rs1,000 per quintal from Rs3,600 to Rs2,600. This is making it hard for factories to pay cane farmers the price set by the Centre at Rs2,550 per tonne. Pending dues to the state’s cane farmers are at Rs2,277 crore.

India’s sugar production is expected to top 29.5 million mt in the 2017-18 season, the highest amount on record, which is pressuring domestic prices. Retail prices have decreased 8% since November to an average of Rupee 38.88/kg (58.84 cents/kg).

Exports of sugar from Brazil in 2018-19 (Apr-Mar) are likely to fall by 6.5 mln tn on year to 21.3 mln tn. This is because sugar production is expected to be down sharply due to lower processing

India sugar prices down due to selling pressure, record production.

India sugar price falls; cane arrears cross INR 20,000 crore on record output.

Uganda’s 2018 sugar output may rise 17% on top 3 producers.

ICE tweaks raw sugar contract rules around CAFTA quota.