SEBI Registration No - INA000003197 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS.

Blog

suger

India’s sugar output estimated to be below target in October

he production of sugar is estimated to be less than 60% against the written commitment made by the sugar industries in the August sent to the Union Ministry Of Food. Ongoing yearly maintenance work is being cited as the reason.

Individual mill owners had assured an output of 0.8 million tonnes this year. To cover the target, early crushing of the sugarcane at the first week of October was planned, against the usual crushing season at the end of October or first week of November.

Usually, early October is a favorable time for crushing by the jaggery industry. But the sugar industry decided to crush even if it is not done before.

Because of the two week delay in crushing, sugar industries are estimating a output of 0.3 to 0.35 million tonnes.