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Business News » India News

Maharashtra's sugar output drops as mills close early

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Maharashtra's sugar output drops as mills close early
Parubai Govind Pawar cuts sugarcane in a field in Degaon village in Solapur. Image Source: Reuters
Written By: Reuters
Updated: Tue, Jan 17, 2017
04:57 pm
Mumbai, Reuters
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India`s top sugar producing state of Maharashtra has so far produced 27% less sugar than a year ago as nearly a third of the total mills have stopped crushing due to cane shortage, government and industry officials told Reuters.

A drop in production could lift local prices and prompt the world`s second-biggest consumer to allow duty-free imports of the sweetener, supporting global prices that are trading near their highest level in one-and-half months.

Mills in Maharashtra have produced 3.14 million tonnes of sugar so far in the current season that started on October 1, compared with 4.3 million tonnes produced during the same period a year ago, said a government official, who declined to be named.

ALSO READ: India's sugar production likely to fall to 22 million tonnes in 2016-17 on cane shortage

Out of 149 sugar mills that started operations this year, 56 mills have stopped crushing as on January 15, the official said.

Sugar mills in Maharashtra typically operate between November to April, but this year mills have been suspending crushing operations early due to lower cane supplies.

"Going by the trend, it seems Maharashtra could not produce more than 4.6 million tonnes sugar in the current season," said Rohit Pawar, chief executive of Baramati Agro, which operates sugar mills in Maharashtra.

Maharashtra had produced 8.41 million tonnes of sugar in the 2015-16 season, while India`s total output was 25.1 million tonnes.

ALSO READ: Sugar mills shut early as drought hits cane crop: Trade body

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TAGS:
sugar outputEconomyMaharashtramillsclosure of millscane shortageduty-free importssugar pricessugarcane shortagecane suppliessugar millssugar productionindiabaramati agroRohit Pawar
RELATED NEWS
India's sugar production likely to fall to 22 million tonnes in 2016-17 on cane shortage India's sugar production likely to fall to 22 million tonnes in 2016-17 on cane shortage
Sugar mills shut early as drought hits cane crop: Trade body Sugar mills shut early as drought hits cane crop: Trade body
92% of sugarcane dues paid by sugar mills; arrears plunge to Rs 423 crore 92% of sugarcane dues paid by sugar mills; arrears plunge to Rs 423 crore
Govt imposes 20% export duty on sugar to boost domestic supply Govt imposes 20% export duty on sugar to boost domestic supply
No need for sugar imports from next year: ISMA No need for sugar imports from next year: ISMA

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