Saturday, 10 April, 2021, 08 : 00 AM [IST]
Our Bureau, New Delhi
Corona pandemic has severely affected the sugar industry with cooperative sugar factories finding it difficult to sell the sugar released by Central Government, at the rate of Rs 31 per kg and thus upsetting its economic cycle. In fact, they have not been able to sell even 50 per cent of the quota.
National Federation of Co-operative Sugar Factories has already taken up this issue with the Centre urging it to extend the period for sale sugar quota and declare a limited sugar quota for next month.
The factory wise quota for sale of sugar is reported by Central Government every month. It is based on the sugar production figures of factories across the country so that all the small and big factories operating in different parts of the country, can sell their sugar.
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Sugar prices under check on muted demand
March 03, 2021
Output up 20% in first 5 months of current season
Sugar prices have continued to remain under pressure over the last three months in most States on muted demand even as production picks up.
Millers are pinning their hopes on summer demand and the export market, while seeking an upward revision in minimum selling price (MSP) to avoid build-up of cane arrears.
Presently, the ex-mill sugar prices are ruling lower by ₹80-100 per quintal over the same period last year. In Maharashtra and Karnataka, the prices continue to be around the MSP level of ₹3,100 per quintal, while in Tamil Nadu they hover between ₹3,200 and ₹3,225. In the North, the ex-mill prices are in the range of ₹3,160-3,180 per quintal.
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