The total sugar production is estimated at 25 million tonnes in the new sugar season starting October 2014-September 2015, which is similar to production of sugar in the previous sugar season. In-fact, the latest estimate of department of food is higher than first advance estimate of 24.5 million tonne and the increased production is estimated due to higher acreage in Maharashtra and Karnataka and carries over stock of 3-4 lakh tones.
In the ongoing season October 2013-September 2014, the production of sugar has been around 24.3 mn tonnes. Meanwhile, according to first advance estimates released by the ministry of agriculture, production of sugarcane is estimated at 342.79 million tonnes, though lower by 7.23 million tonnes than the last year.
However, fearing surplus production, which could push lower the prices, the ministry proposes to continue with export of raw sugar and continue with the proposed subsidy for coming two seasons.
Nevertheless, there are reports that like earlier, sugar may not be exported under open general license and this free but the quantity of sugar is expected to be curbed at 10-12 lakh tonne while the amount of subsidy will hover around RS 3,000-3,000 per metric tonne.
No comments:
Post a Comment