NFCSF
Increase minimum selling price of sugar to Rs 42/kg, says industry body NFCSF
The National Federation of Cooperative Sugar Factories (NFCSF), representing co-operative sugar mills in India, has requested the central government to increase the minimum selling price (MSP) of sugar by 35% to Rs 42/kg. The MSP was introduced in 2018 and last revised in February 2019. However, sugar prices have been consistently higher than the MSP, with ex-mill prices in Maharashtra being Rs 36/kg, and retail prices in the range of Rs 42-44/kg. The NFCSF has already submitted its proposal to the Union Government.
Diversion of B Heavy Molasses will release Rs 2300 crore for the distilleries; says NFCSF
The decision of the central government to allow use of the 7 lakh tonnes of B Heavy Molasses for ethanol production will help the sugar industry get a revenue of Rs 2300 crores, said National Federation of Cooperative Sugar Factories (NFCSF), which represents the cooperative sugar mills of the country.
NFCSF hails govt decision to allow use of 7 lakh tonne of excess B-heavy molasses for ethanol making
NFCSF welcomed govt's decision to allow 7 lakh tonne of B-heavy molasses for ethanol, aiding in ethanol production and improving sugar mills' finances. This move will release around Rs 700 crore from remaining stocks, impacting selling rate and distillation projects.
India's Oct-Dec sugar output dips 7.7 pc to 112 lakh tons: NFCSF
However, Uttar Pradesh, the country's second largest sugar producing state, produced more sugar at 34.65 lakh tonnes till December of this season, when compared to 30.80 lakh tonnes in the year-ago period. NFCSF said the average sugar recovery in the country stood at 9.17 per cent and "as winter progresses, sugar yield is expected to increase accordingly".
India's sugar production till December 15 trails by 10.7%
"Maharashtra had the highest share of 24.25 lakh tonnes, followed by Uttar Pradedh, which has produced 22.11 lakh tonnes. Karnataka is at the third place with production of 16.95 lakh tonnes of sugar," said ISMA in a media release.
India's Oct-Nov sugar output drops as mills start late: Trade body
Indian sugar mills have produced 4.32 million metric tons of sugar, down 10.7% YoY, due to delayed operations in Maharashtra and Karnataka due to price disputes with farmers. This could lead to reduced export quotas and support for global prices trading near multi-year highs.
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Millers seek raw sugar imports to make up for likely cane shortage
There are concerns about production of sugarcane in Maharashtra and Karnataka, which is likely to affect availability of sugar for consumption and for ethanol production for blending with petrol in these states, it said. India had last imported raw sugar in 2017, after which the country has been an exporter. In 2021-22, India was the second largest exporter of raw sugar in the world.
El Nino unlikely to cause sugar shortage in India: NFCSF
The National Federation of Cooperative Sugar Factories Ltd (NFCSF) has dismissed rumors of a sugar shortage in India due to El Nino, stating that sugar availability in the 2023-24 season is not expected to be affected. While El Nino has impacted the monsoon in parts of Maharashtra, other cane-growing states have received above-normal rainfall, aiding the growth of cane.
NFCSF revises down sugar output estimate to 32.7 million tons for 2022-23
The revised sugar production estimate is, however, down by 8.88 per cent from the actual production of 35.92 million tonnes in the 2021-22 marketing year (October-September). In a statement, NFCSF said about 531 sugar mills across the country have produced 32.03 million tonnes of sugar till April 30. Of 531 sugar mills, 67 mills are still in operation.
The anatomy of sugar prices: Will the taste sour this summer?
The international market has witnessed a recent surge in sugar prices. One of the key factors is the likelihood that India wouldn’t allow additional exports. And India's expected pause is mainly due to a fall in the production of sugarcane due to untimely rains and moves towards fulfilling its carbon-reduction commitments i.e. the ethanol-blending programme.
Sugar to become expensive during summer season as production set to fall by 10%
According to Centrum Institutional Research, the domestic market for sugar has seen a recent increase in prices, especially in Uttar Pradesh. "We anticipate further increases (in prices) in the coming months as demand for sugar is expected to surge during the summer season," said Centrum in a research note.
Raise current cap of 1 mn tonne sugar export: Sharad Pawar to PM Modi
National Federation of Cooperative Sugar Factories (NFCSF), in a statement, expressed concern that the capping of current year's sugar export at 1 million tonne has led to less export release orders issued to cooperatives.
Sugar output up 14%; may touch record of 35.5 million tonnes in 2021-22: NFCSF
NFCSF said, "India for the first time has witnessed record production of net sugar in excess of 34.2 million tonnes till April 2022."
Maharashtra sugar factories produce over 65 cr litres ethanol so far this year, much above target: NFCSF
Talking with PTI, NFCSF President Jayprakash Dandegavkar said the purchase prices of ethanol should also go up with the fuel prices in the country by keeping the base price intact.
Amit Shah promises to direct banks to adopt flexible financing policy for new ethanol projects
According to the release issued by the Federation, Shah promised to issue orders before August 15 asking the banks to adopt a flexible policy about financing of the ambitious ethanol projects.
Sugarcane production in Maharashtra may go up by over 200 lakh tonnes: NFCSF chief
The federation's estimation was based on water availability and the monsoon predicted this year, the official said, adding that the production is expected to go up in Marathwada and western Maharashtra this year.
Chinese sugar industry delegation meets NFCSF officials in New Delhi
The meeting was attended by some sugar refiners, traders and financiers from China, while the Indian side was represented with office bearers of NFCSF and Ravi Gupta of Shree Renuka Sugars.
Indian sugar mills produce 10.8 lakh tonne sugar till November 13, says NFCSF
Sugar mills from Maharashtra have produced 5.60 lakh tonnes of sugar, while Karnataka and Uttar Pradesh have produced 2.30 lakh tonnes and 1.20 lakh tonnes respectively.
Sugar millers ask govt to allow spit payment of FRP
They argued that sugar factories won’t be able to pay FRP in one go “due to both the release mechanism and delay in receipt of subsidy on exports.”
Sugar industry expects government to scrap export duty this week
In order to reduce the closing stock of 2017-18, the industry aims to export 1.5-2 million tonnes of sugar till October 2018, when the new sugar year begins, industry executives said.
Government mulls scrapping export duty on sugar
Industry has pegged production at 26 million tonnes and the government will review its estimates based on input from sugar producing states.
Food ministry proposes hike in sugar import duty to 100%
Wholesale prices have fallen below the cost of production in view of estimated 6 million tonnes more production in the 2017-18 season (October-September). In retail market, sugar is being sold at Rs 40-42/kg.
Sugar price rise 'inevitable' due to sugarcane FRP hike: NFCSF
The National Federation of Cooperative Sugar Factories, which represents cooperative sugar mills, welcomed the government's decision to hike sugarcane FRP for the next season.
ISEC to export 1 lakh tonnes of Sugar by mid-October
Country's sugar production in marketing year 2015-16, is estimated at 27 million tonnes against the annual demand of 24.5 million tonnes.
Sugar prices fall 30% in a year to touch lowest in 5 years
With mounting cane arrears, govt announced bailout package for sugar industry. Experts say that until there is some export movement, sugar prices would not correct.
NFCSF seeks hike in sugar import duty to 30%
Traders have imported 4,68,000 tonnes of sugar so far even as the domestic production is expected to surpass the demand in the ongoing 2012-13 season.
Sugar industry seeks decontrol for growth; rules out cartelisation
Seeking immediate decontrol, sugar industry bodies ISMA and NFCSF today said giving freedom to mills to sell sugar will help achieve higher growth of 15-20 per cent and bring investment into the sector.
Food ministry: 30 days more to apply for sugar export permits
The Food Ministry has given 1 more month to mills and factories to apply for sugar export permits after considering the requests of ISMA and NFCSF.
Govt releases 18.86 lakh tonnes of sugar for March
The government has made 18.86 lakh tonnes of sugar available for sale through open market and ration shops for the month of March 2011, which is marginally more than the current month.
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