AgriInsite’s Post

The Indian government is considering increasing the minimum selling price of sugar and ethanol prices to enhance local supplies, as stated by Food Minister Chirag Paswan. The current minimum selling price of sugar is Rs 31 per kg, a rate that has remained unchanged since February 2019. The government is optimistic about sugar production for the 2024-25 season, attributing this to favorable monsoon conditions. Ethanol prices have not been adjusted since the 2022-23 supply year. Currently, prices are:Cane juice ethanol: Rs 65.61/litreB-Heavy molasses ethanol: Rs 60.73/litreC-Heavy molasses ethanol: Rs 56.28/litre The petroleum ministry is reviewing these proposals to potentially boost local supply levels in both sugar and ethanol markets #IndiaEconomy #SugarPrices #EthanolPrices #AgriculturePolicy #ChiragPaswan #SugarIndustry #EthanolProduction #LocalSupply #IndiaAgriculture #EconomicPolicy

In a recent interview with ET NOW, our Executive Chairman, Mr. Atul Chaturvedi shared insights on possibility of a government proposal to divert additional 800,000 tonnes of sugar towards ethanol production. This strategic move, utilizing surplus B-heavy molasses, is poised to slightly elevate ethanol production without impacting sugar production for the year at about 32 million tonnes. The possibility for Indian sugar being exported remains low, as it may increase the domestic sugar prices.  As a result of the move, the domestic sugar prices are unlikely to be impacted beyond about Re 1/kg. Watch the full coverage below. #RenukaSugars #SRSL #MadhurSugars #SugarIndustry #EthanolProduction #IndustryUpdates

The Centre maintains its ban on sugar exports despite ample supply, citing priorities like domestic consumption and ethanol blending. The Indian Sugar and Bio-Energy Manufacturers Association seeks relaxation for 2 million tonnes of exports. Officials highlight the importance of maintaining a three-month balance and uncertainties in future crops. The government focuses on ethanol production to meet its E20 target by 2025-26, aiming to reduce dependence on imported crude oil. #SUGAREXPORTS #BAN #ETHANOLBLENDING #EXPORTS

International sugar prices have been on a downward trend since the rally observed in December. The demand for alternative fuels like Bio Diesel and Ethanol raises the question: Will output in India, Thailand, and Brazil continue to expand? Additionally, what implications will this decline in prices have on the market regarding artificial sugar supply from China? #SugarPrices #BioDiesel #Ethanol #MarketTrends

The Indian sugar industry has seen remarkable growth since the 2012 semi-decontrol reforms, notably the removal of the levy obligation for PDS sugar, following recommendations by the Rangarajan Committee. Surplus sugar production from 2010-11 onward created challenges of excess supply and falling prices. The introduction of the ethanol blending programme in 2018 helped mitigate these issues, though concerns about monsoon variability, food vs fuel debates, and ethanol pricing remain critical. #India #SugarIndustry #Sugar #Ethanol

The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) predicts a significant sugar surplus of upto 36 lac tons for the current season. In light of these projections, ISMA has urged the Government to re-consider permitting the export of surplus sugar after due consideration of domestic demand and supply. Indian Sugar & Bio-energy Manufacturers Association #sugar

UK beet areas increase as Australian raw sugar imports continue  - that's the headline in our Global sugar market report April 2024 in the section talking about the UK's production and consumption. The UK is set to produce 1m tonnes of beet sugar in 23/24. Learn more here https://lnkd.in/etB7_A_f #Ragus #PureSugars #PureSugarManufacture #Globalsugarmarketreport #MarketReport

IC45 Sugar: Current Situation and Outlook for Brazil in 2024 The IC45 sugar market in Brazil is facing a critical phase in 2024. Production has declined due to adverse weather conditions such as drought and frost, directly impacting exports and product prices. 📉 Comparative Numbers: In 2023, Brazil exported 21.6 million tons, a 12% drop compared to 2022, when exports totaled 24.5 million tons. Average IC45 sugar prices rose by approximately 15% in the first half of 2024, reaching R$ 2,200 per ton. 🇧🇷 Market Impacts: The supply shortage in Brazil has further increased price pressures, while key consumer markets such as China and Indonesia face challenges in meeting their demands. By the end of 2024, Brazilian exports are expected to fall to 20 million tons, and the price of IC45 may continue to rise, potentially exceeding R$ 2,500 per ton. 💡 Volatility remains a significant challenge for producers and exporters, requiring agile and strategic management to mitigate the impacts of reduced supply and rising costs. Now, is the time for those, who can buy now, to take advantage of the gaps, and thus be able to guarantee their resupply. #SugarMarket #IC45 #Exports #Prices #Brazil #Commodities #2024Harvest

In a recently released report on the worldwide sugar market, the ISO's second revision of 2023-24 balance reveals a global deficit of 0.689 MMT, increased from 0.335 MMT in November. Global production forecast is revised down to 179.749 MMT in 2023-24, from 179.887 MMT previously. The biggest change in ISO's production increase is in Brazil, but this is partially offset by a reduction in Thailand’s production, which is only slightly smaller. World consumption is now projected at 180.438 MMT in 2023/24. The 2.581 MMT increase over last season represents a 1.45% rise, up from 1.02% in 2022-23.

Catch the exclusive interview of Mr. Deepak Ballani, Director General of ISMA, with Neha Anand, ZEE Business, where he discusses key developments in the sugar industry. The government is considering increasing ethanol prices, raising the MSP of sugar, and reviewing sugar exports for the 2024-25 season. Mr. Ballani also touches on China’s export policies and highlights that with the projected sugar output of 333 lakh Tonnes for the 2024-25 season, these decisions could greatly benefit both the industry and farmers. Watch the full interview below. Follow ISMA for the latest updates on all things sugar and bio-energy. #ISMA #SugarIndustry #BioEnergy