Sugar Refiner Says Container Shortage Limiting India Exports
Bloomberg 1/29/2021
(Bloomberg)
Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and
Popular Searches
A shortage of shipping containers in India, the world’s second-biggest sugar producer, is hurting shipments even as overseas demand stays robust, according to an industry official.
The nation has exported only 70,000 tons of white sugar in containers this month, compared with about 370,000 tons in January 2020, said Ravi Gupta, president of Shree Renuka Sugars Ltd, the country’s top refiner.
Shipping rates have risen globally as demand for goods rebounded more strongly than expected in the second half of 2020, creating a container shortage. Geopolitical tensions with China have also reined in imports into India, meaning fewer incoming containers.
India s sugar production estimated lower at 30.2 million tonnes on UP woes
The lower estimates are mainly on account of Uttar Pradesh, the biggest sugar producer in the country, where mills are expected to produce 10.5 million tonnes of the sweetener compared to 12.63 million tonnes the previous season. January 28, 2021 / 06:14 PM IST
India’s sugar production for this season has been pegged at 30.2 million tonnes by the Indian Sugar Mills Association (ISMA) in its second advance estimate on January 28, which is lower than its earlier figure of 31 million tonnes.
The lower production is on account of Uttar Pradesh, the biggest producer of the sweetener in the country, where mills are projected to produce 10.5 million tonnes of sugar against 12.63 million tonnes in the previous season.
January 28, 2021
The decline in sugar output in Uttar Pradesh is due to high diversion of cane for gur, khandsari and towards ethanol production - PTI
The decline in sugar output in Uttar Pradesh is due to high diversion of cane for gur, khandsari and towards ethanol production - PTI×
Forecast trimmed on higher diversion to ethanol, lower yields in UP The sugar industry has lowered its estimates for sugar production by about 8 lakh tonnes to 30.2 million tonnes (mt) for the ongoing 2020-21 season due to lower yields and recovery, and the diversion of cane juice and molasses for producing ethanol.
India to produce 302 lakh tonnes of sugar in 2020-21: ISMA daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
It looks like this was the result of either:
A mistyped address
A broken link on our site
A broken link on a search engine results page
A broken link on someone else s page
Some things to try:
Use the navigation menu at the top Most Read