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India to play key role in higher global sugar output next season

India to play key role in higher global sugar output next season May 27, 2021 But it could result in higher ending stocks, Thailand production set to rebound: USDA India will play a significant role in 2021-22 season’s global sugar production increasing by six million tonnes (mt) but it could also result in the country carrying over huge stocks to the following season, according to the US Department of Agriculture (USDA). While the sugar trade in the county agrees with this view, the industry, particularly private mills, think it is too early to talk about the next season. The USDA also projects India’s sugar exports remaining at the current season’s level of six mt but the trade and industry see various factors deciding the shipments scenario.

New yorkUnited statesSri lankaCommoditie shaikhPraful vithalaniRahil shaikhAbhinash varmaEuropean unionUs department of agricultureIndia sugar traders associationIndian sugar mills associationWorld marketsAll india sugar traders associationManaging directorGeneral abhinash varmaIndia managing director

Sugar export: India cuts export subsidy on sugar by one third; exports to continue due to strong demand say traders

Sugar export: India cuts export subsidy on sugar by one third; exports to continue due to strong demand say traders
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Praful vithalaniIndia sugar traders associationAll india sugar traders associationபிரபுள் விட்டலானிஇந்தியா சர்க்கரை வர்த்தகர்கள் சங்கம்அனைத்தும் இந்தியா சர்க்கரை வர்த்தகர்கள் சங்கம்

Govt cuts subsidy on sugar exports to Rs 4K per tonne on high global prices

Govt cuts sugar export subsidy to Rs 4,000 a tonne on global price rise

The Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices. However, trade sources said the move may not impact exports much, as of the existing quota of 6 million tonnes, around 5.7 million tonnes have already been contracted at the older subsidy rate of Rs 6.000 per tonne. For the ongoing 2020-21 marketing year (October-September), the government had fixed a subsidy of Rs 6,000 per tonne to facilitate exports, improving the liquidity of mills and enabling them to clear cane price dues to farmers. Sugar mills were mandated to export 6 million tonne of sugar in the current year. So far, 5.7 million tonne of the sweetener have been contracted for export.

Praful vithalaniCentre onIndia sugar trade associationFood ministry subodh kumarAll india sugar trade associationChairman praful vithalaniSugar exportSugar subsidySugar pricesIndia sugar trade associationபிரபுள் விட்டலானிமையம் ஆன்இந்தியா சர்க்கரை வர்த்தகம் சங்கம்அனைத்தும் இந்தியா சர்க்கரை வர்த்தகம் சங்கம்தலைவர் பிரபுள் விட்டலானிசர்க்கரை ஏற்றுமதி

Sugar export: India cuts export subsidy on sugar by one third; exports to continue due to strong demand say traders

Synopsis According to Praful Vithalani, chairman, All India Sugar Traders Association (AISTA), there will not be any major impact on the ongoing sugar exports as agreements for 57 lakh tonnes of sugar exports have been executed till May 19 nor there will not be any impact on domestic prices as these are controlled by the monthly release mechanism. Agencies According to trade estimates, the government will be able to save an outgo of Rs 60 crore of the sugar export subsidy. The central government today slashed the amount of subsidy given for sugar export by one third from Rs 6000/tonne to Rs 4000/tonne. As the industry has completed export of 95% of the sugar export quota of 60 lakh tonnes, the decision will not have any major adverse impact on the country s sugar exports. The industry is confident about continuing exports under the open general license (OGL) category thanks to better realisation from exports.

Praful vithalaniIndia sugar traders associationAll india sugar traders associationSugar exportSugar subsidyEnog lCane price duesSugar millsIndias sugar exportsபிரபுள் விட்டலானிஇந்தியா சர்க்கரை வர்த்தகர்கள் சங்கம்அனைத்தும் இந்தியா சர்க்கரை வர்த்தகர்கள் சங்கம்சர்க்கரை ஏற்றுமதிசர்க்கரை மானியம்சர்க்கரை ஆலைகள்இந்தியச் சர்க்கரை ஏற்றுமதிகள்