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Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports A nearly five-million tonnes (mt) sugar deficit projected by the International Sugar Organization (ISO) is likely to keep sugar prices firm this season (October 2020-September 2021) with Brazilian shipping woes likely to help India’s cause to export more of the commodity. The ISO, in its quarterly outlook, has raised the sugar deficit during the current season to 4.782 mt from its earlier estimate of 3.50 mt three months ago. This will see production dropping this season by 1.24 per cent to 169.04 mt (171.16 mt), wh...

Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports March 02, 2021   A nearly five-million tonnes (mt) sugar deficit projected by the International Sugar Organization (ISO) is likely to keep sugar prices firm this season (October 2020-September 2021) with Brazilian shipping woes likely to help India’s cause to export more of the commodity. The ISO, in its quarterly outlook, has raised the sugar deficit during the current season to 4.782 mt from its earlier estimate of 3.50 mt three months ago. This will see production dropping this season by 1.24 per cent to 169.04...

Indonesia may emerge as the biggest importer of Indian sugar Iran continues to use the accounts for buying these commodities but the amount in the accounts is depleting. January 12, 2021 / 08:59 PM IST Uttam Sugar Mills | Company reported profit at Rs 11.70 crore in Q3FY21 against Rs 13.32 crore, revenue rose to Rs 433.26 crore from Rs 426.68 crore YoY. Indonesia could emerge as the largest importer of raw sugar from India and may make up for any drop in exports to Iran, where shippers are facing payment problems. “The roles of Indonesia and Iran with regard to India’s sugar exports a...

Indian sugar exporters strike new deals after CCEA clears Rs 6,000 per tonne incentive The deals have been struck at a premium of 130-140 cents a pound over New York price for raw sugar. December 23, 2020 / 09:15 PM IST Indian exporters have struck a few deals for sugar exports after the Cabinet Committee on Economic Affairs (CCEA) on December 16 decided to give Rs 6,000 per tonne incentive for the commodity’s shipments. The deals have been struck after sugar exports had almost come to a standstill for the two-and-a-half months since October 1 this year. The incentive, costing the Union ...

Sugar exports set to resume as CCEA approves Rs 6,000 per tonne incentive The incentive, costing Rs 3,500 crore, would help export 60 lakh tonnes of sugar for the current season ending September next year. December 16, 2020 / 08:27 PM IST The incentive is required as domestic prices are higher, ranging from Rs 31,000 a tonne in Maharashtra to about Rs 32,500 in Uttar Pradesh. The Cabinet Committee on Economic Affairs (CCEA) on December 16 decided to provide Rs 6,000 per tonne incentive for sugar exports which will result in resumption of shipments that have come to a standstill since Octob...