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India's Sugar Production Down 23% YoY To 169.85 Lakh Tonnes Till Feb 15: ISMA

18 Feb 2020 12:59 pm
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MUMBAI (Commoditiescontrol) - The country's sugar production was down 22.7 percent at 169.85 lakh tonnes till February 15 in the ongoing marketing year/season 2019-20 from 219.66 lakh tonnes during the same period a year ago, industry body the Indian Sugar Mills Association (ISMA) said on Tuesday.

India's sugar season is between October and September next year.

"Out of 449 sugar mills which had started crushing for 2019-20 season, 23 sugar mills have stopped crushing operation due to non-availability of sugarcane. Last year, 521 sugar mills had operated, out of which 19 had stopped crushing on the same corresponding date last year," ISMA said in a release.

Uttar Pradesh, the leading sugar producing State, reported sugar production of 66.34 lakh tonnes so far. This is 2.41 lakh tonnes more than that in the corresponding period last sugar season.

"In Maharashtra, sugar production till 15th February 2020 was 43.38 lakh tones, compared with 82.98 lakh tonnes produced last year same period. Out of 143 mills which operated this season, eight sugar mills have stopped their crushing. Last year 193 mills had operated i.e. 50 sugar mills remained closed in Maharashtra due to less cane this year," ISMA said.

Sugar output in Karnataka, the country's third biggest producer, fell by 7.94 lakh tonnes to 30.80 lakh tonnes till February 15.

In case of Tamil Nadu, 21 sugar mills commenced their crushing operations so far for 2019-20 season and they produced 2.60 lakh tonnes of sugar, as compared to 3.85 lakh tonnes produced by 32 sugar mills in 2018-19 on the corresponding date.

Gujarat has produced 5.95 lakh tonnes of sugar till 15th February 2020 with 15 sugar mills in operation. Last year, 16 sugar mills were in operation and they had produced 7.78 lakh tonnes of sugar till 15th February 2020.

In Andhra Pradesh and Telangana, 18 sugar mills have produced 3.06 lakh tonnes as on 15th February 2020, as compared to 4.50 lakh tonnes produced by 25 mills on the corresponding date last season. Two out of 18 sugar mills which operated this season has ended their crushing on 15th February 2020.

In Bihar, Uttarakhand, Punjab, Haryana and Madhya Pradesh & Chhattisgarh, sugar production till 15th February 2020 has been in the order of 5.08 lakh tonnes, 2.41 lakh tonnes, 3.72 lakh tonnes, 3.51 lakh tonnes and 2.76 lakh tonnes, respectively.

"As per market reports, about 16 lakh tonnes of sugar have been exported from India and about 32 lakh tonnes of contracts have been signed for exports. As per reports available, few sugar mills are not planning to export sugar against their allocated export quotas. A few of them have surrendered a part of their MAEQ to the Government of India. As per decision of the Government, 20 percent of export quotas of mills which have not contracted for 25 percent of their MAEQ by end of January 2020, will be withdrawn and reallocated amongst the others who have exported most of the MAEQ and are willing to export beyond their original MAEQ. It is understood that this process of reallocation is under active consideration and would be announced shortly," it said.

"As per experts in the international trade, there is an estimated deficit of 8 to 9 million tonnes in 2019-20 SS in the global market and that the Thailand’s exports are likely to be down by 3-4 million tonnes due to lower production therein. Global sugar prices for raw and white sugar are currently prevailing at 20-25 percent more than the price which prevailed three months ago when India started its exports against the 6 million tonnes of MAEQ. Accordingly, Indian sugar exports may get accelerated in the coming months, and could achieve more than 5 million tonnes of MAEQ in the whole season," it said further.





       
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