Sugar

Maharashtra govt sees bitter truth in too much sugarcane.

UP sugarcane outstanding piles up to Rs.96 bln; production at record 9 MMT.

Oil marketing companies have received bids for supply of 210 mln ltr of ethanol, against the 1.17 bln ltr sought in the second tender for 2017-18 (Dec-Nov). Of the 210 mln ltr offered, supply of 170 mln ltr has been allocated so far. Other offers will be scrutinised and total supply will be finalised soon. In the first tender for the season, mills had offered to supply 1.55 bln ltr of ethanol, against the 3.13 bln ltr sought by oil retailers.

Iranian state purchasing agency the Government Trading Corporation of Iran (GTC) has issued a new international tender to buy 60,000 tonnes of raw sugar. The tender closes on April 17. Shipment is sought in June. The GTC reserves the right to purchase 10 percent more or less than the tender volume.

Government should look to build 5 mt buffer of sugar stock, says Sakthi Sugars.

Sugar stocks in demand, surge up to 9%.

India govt scraps export duty on sugar to trim surplus, lift prices.

Uttar Pradesh sugar industry seeks cane price rationalisation.

Uttar Pradesh raises 2017-18 sugar output estimate to 10.8 MMT.

ISMA says India Oct 1-Mar 15 sugar output 25.8 mln tn, up 47% on yr.

Tamil Nadu adopts revenue sharing sugar price fixation

Govt to force mills to export 2-4 MMT surplus sugar.

Sugar prices tumble on ample stocks; weak demand.

India sugar cooperatives demand relaxation in export norms.

Maharashtra Oct 1-Mar 13 sugar output up 122% on year at 9.26 MMT.

Mexico’s sugarcane crush totals 2.248 MMT in week 18.

Govt pegs sugar output at 27.2 MMT for 2017-18.

India sugar subdued bulk demand pulls down prices in spot markets.