More Commodities - Sugar

Sugar just turned bitter

April 12, 2017 at 11:39 AM , Mark Overseas
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Sugar output falls to its lowest in a decade

The year 2016-17 has been a downward trend for sugar in terms of output. Maharashtra, one of the major state in India in the production of Sugar has seen a decline by half compared to last year, which is the lowest in a decade.

About 150 sugar mills crushed - 372 lakh tonnes of sugarcane during the year, less than half the 743 lakh tonnes crushed in the previous year.

The number of sugar mills in operation came down from 177 last year, as 27 mills could not operate for want of sugarcane. Drought has been consistent from the past 2 years and all of the circumstances together have resulted in lower sugar production this year.

The Indian Sugar Mills Association had in March revised its estimate of sugar production down to 203 lakh tonnes for October 2016-September 2017 season.  

Due to the fall in sugar production in Maharashtra and Karnataka, the central government has allowed duty-free import of 5 lakh tonnes of raw sugar. To balance out the demand and bring the price back in control. But it was on 9 April the last operation sugar mill in Maharashtra closed its operation, bring and end to the 2016-17 sugarcane crushing season.

The world sugar production reduced by 2.3 million due to output reduction from India.

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