Yesterday’s closing dated – 14/03/2021
◾London White Sugar – $441.60 (+17.40)
◾NYBOT Raw Sugar #11 – 15.86 (+0.43)
◾USD/BRL – 5.6544 (+0.0018)
Indian markets were closed on ocassion of Ambedkar Jayanti.
Morning Market Update – 15/04/2021
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Global Sugar View by Michael McDougall – Episode 2
Global Sugar View by Michael McDougall – Episode 2
Indian sugar production at 299.15 LMT, 90 per cent of sugar for exports contracted
Indian sugar production at 299.15 LMT from 1st October 2020 to 30th April 2021
Source: ISMA
Maharashtra set to export almost 50% of allocated sugar in India
In the sugar season 2020-21 where the Government has allocated 60 lakh metric tonnes of sugar for exports, Maharashtra is set to export almost 50% of the available sugar for exports. A major decision from the Department of Food & Public Distribution (DFPD) to allow exchange of export quantity of sugar with monthly sale quota between mills to maximise exports and reduce transportation cost involvement involved in movement of sugar from one state to another for domestic consumption is seems to be bringing ease to millers across the country.
After Maharashtra, Karnataka plans to produce oxygen in sugar mills
Karnataka government is considering the option to allow sugar mills to produce oxygen to meet its shortage for treating Covid-19 infected patients.
UP sugar mills clear entire cane price payment of previous season
Uttar Pradesh’s Sugarcane Minister Suresh Rana said that the mills from the state have cleared 100% cane payment to the sugarcane farmers for the last crushing season 2019-20. The mills have paid dues worth Rs 35,899 crore to the cane farmers, he said.
