Sugar News Today

Gujarat reported sugar rates ranging from Rs. 3751-3791/quintal. Kazakhstan has temporarily halted sugar exports until August's end to secure ample supply during the summer

Bihar Kisan Sabha discusses the unused Riga sugar mill and pending Rs. 53 crore sugarcane farmers' dues. Despite official reopening plans, two successive tenders have yielded no result, leaving the mill idle and farmers uncompensated.

Tanzania's government earmarks 400 hectares for sugarcane seedlings as an initiative to boost sugar production. This strategy involves a partnership with the Tanzania Prisons Production Corporation, aiming to annually surpass the current 4.2 million tonnes sugar output.

U.P. witnessed sugar rates between Rs. 3920-3940/quintal. As of April 2024, as per ISMA India's sugar production has reached approximately 314 LT. An additional output of 5-6 LT is anticipated from mills in Karnataka and Tamil Nadu.

Ukraine's sugar production is forecasted to increase by 2024, indicating potential alterations in the global sugar market dynamics which could influence Indian sugar industry and prices.

Kazakhstan has imposed a ban on sugar exports to stabilize local market prices and meet domestic demand, potentially impacting Indian consumers and the commodities market.

Industry body ISMA urges the government to permit 2 MT of sugar exports in the marketing year 2023-24 to support sugar mills struggling with excess production. The move could help stabilize sugar prices.

In Maharashtra, sugar rates fluctuated between Rs. 3700-3740/quintal. Russia has recently implemented a ban on sugar exports until 31 August 2024. Despite a slight decrease in sugarcane crushing there's a notable increase in sugar recovery.

Russia implements a ban on sugar exports until August 31, 2024, aiming to maintain stability in its domestic food market. The move could potentially impact global sugar prices and availability.

Despite paused domestic production due to heavy rains, Tanzania ensures steady sugar supply through recent imports. Most of the approved 155,000 metric tonnes have arrived, ensuring stable market prices for citizens.