The Indian Sugar and Bio-Vitality Producers Affiliation (ISMA) estimates the present sugar season to finish in September with a inventory of 91 lakh tonnes.
Idle stock
ISMA in an announcement stated the sugar advertising season (October to September) yearly ends with about 55 lakh tonnes. However this 12 months, it’s prone to be increased by 36 lakh tonnes. This “can probably result in extra prices for millers on account of idle stock,” it stated.
The opening inventory in October final 12 months was about 56 lakh tonnes and anticipated home consumption for the present season is about 285 lakh tonnes.
“ISMA has urged the federal government to rethink allowing export of surplus sugar after due consideration of home demand and provide.
The federal government has raised Honest and Remunerative Value (FRP) of sugarcane for 2024-2025 sugar season by ₹25 per quintal to ₹340 per quintal. This can hike the cane price and the price of sugar manufacturing and the mills must pay for cane provides inside 14 days.
Ethanol mixing
Deepak Ballani, Director Common, ISMA, stated, “Permitting exports wouldn’t solely guarantee a cushty inventory for home consumption and maintain the Ethanol Mixing Programme (EBP) but in addition contribute to sustaining the monetary liquidity of sugar mills, enabling well timed funds to farmers.”The Indian Sugar and Bio-Vitality Producers Affiliation (ISMA) estimates the present sugar season to conclude in September this 12 months with 91 lakh tonnes of sugar inventory.
