Latest news with #NFCSF
Business Standard
4 days ago
- Business
- Business Standard
India's Sugar production expected to hit 35 million tonnes in next season
The National Federation of Cooperative Sugar Factories (NFCSF) has stated this week that this year's closing stock of sugar on September 30 will likely be 4.87 million tonnes (mt), which is adequate to meet the first two months' demand in the next season as the production in the 2025-26 season (October- September) is likely to be 35 mt. As per current projections, the closing stock of sugar at the end of the 2024-25 season is estimated at approximately 4.87 mt. This stock level is considered adequate to meet domestic consumption requirements for the crucial months of October and November 2025, ensuring price stability and uninterrupted supply, the NFCSF said in a statement. However, it did not rule out a 2 per cent margin of error in the calculations while arriving at the closing stock as the data are based on information derived from the monthly release orders issued by the government and information furnished by the sugar mills. The cooperative body also said that currently the ex-mill sugar prices remain stable at Rs 3,880-3,920 per quintal.
Mint
6 days ago
- Business
- Mint
Sugar industry seeks ethanol price revision as blending share drops to 28 pc
New Delhi, The sugar industry has demanded a revision of ethanol procurement prices and extension of blending targets beyond 20 per cent, as the sector's contribution to the national ethanol programme has declined sharply from 73 per cent to just 28 per cent. The industry has also demanded accelerated promotion and manufacturing of Flex-Fuel Vehicles to boost ethanol demand and ensure market preparedness for higher blending, National Federation of Cooperative Sugar Factories said in a statement. The demand was made by the industry delegation, led by Ravi Gupta, Chairman of IFGE's Sugar Bioenergy Group, and expert Member on the Board of NFCSF, in a meeting held at the PMO recently, it said. In 2022-23 season , NFCSF said the sugar industry reached a significant milestone by diverting 43 lakh tonnes of sugar towards ethanol production, enabling the supply of 369 crore litres of ethanol, which accounted for 73 per cent of total ethanol blended with fuel across the country. However, in 2023-24, ethanol supply from sugar-based feedstocks declined to 270 crore litres, contributing only 38 per cent to the national blending programme. "This is projected to fall further to 250 crore litres in 2024-25, making up just 28 per cent of the total blending target of 900 crore litres," it said in a statement. The main reason for this drop is that ethanol procurement prices have not been increased in line with the rise in the Fair and Remunerative Price of sugarcane, making ethanol production less profitable for sugar mills. Although there is potential to divert up to 40 lakh tonnes of sugar into ethanol this year, only 32 lakh tonnes are expected to be diverted. "This shortfall is due to the gap between ethanol prices and better returns from selling sugar directly in the domestic market," NFCSF said. As a result, India's ethanol production capacity of 952 crore litres per year including 130 crore litres from multi-feed distilleries is being under-utilised. The Ethanol Blending Programme has emerged as a vital solution to the longstanding issue of surplus sugar stocks under the National Policy on Biofuels – 2018, which set an ambitious target to divert 60 to 70 lakh tonnes of excess sugar annually towards ethanol production. Since the policy's inception, India's ethanol production capacity has expanded significantly from 518 crore litres in 2018 to 1,800 crore litres in 2025. Correspondingly, the ethanol blending rate with petrol has risen sharply from 4.22 per cent to 18.61 per cent as of April 30, 2025. Sugar production has reached 286.9 lakh tonnes as on April 30 of the ongoing 2024-25 season, out of which 30 lakh tonnes have been diverted for ethanol. The industry has additionally suggested evaluating the possibility of blending ethanol in diesel as a future strategy to expand ethanol use across fuel types. NFCSF noted that diverting sugar to ethanol does not reduce the actual production of sugar but helps to manage surplus sugar stocks, stabilise market prices, improve the financial health of sugar mills, and ensure timely payments to farmers. This article was generated from an automated news agency feed without modifications to text.
Time of India
6 days ago
- Business
- Time of India
Sugar industry seeks ethanol price revision as blending share drops to 28% from 73%
The sugar industry has demanded a revision of ethanol procurement prices and extension of blending targets beyond 20%, as the sector's contribution to the national ethanol programme has declined sharply from 73% to just 28%. The industry has also demanded accelerated promotion and manufacturing of Flex-Fuel Vehicles (FFVs) to boost ethanol demand and ensure market preparedness for higher blending, National Federation of Cooperative Sugar Factories (NFCSF) said in a statement. The demand was made by the industry delegation, led by Ravi Gupta, Chairman of IFGE's Sugar Bioenergy Group, and expert Member on the Board of NFCSF, in a meeting held at the PMO (Prime Minister's Office) recently, it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sasha Meneghel já está irreconhecível após sua recente transformação. 33 Bridges Undo In 2022-23 season (October-September), NFCSF said the sugar industry reached a significant milestone by diverting 43 lakh tonnes of sugar towards ethanol production , enabling the supply of 369 crore litres of ethanol, which accounted for 73 per cent of total ethanol blended with fuel across the country. However, in 2023-24, ethanol supply from sugar-based feedstocks declined to 270 crore litres, contributing only 38 per cent to the national blending programme. Live Events "This is projected to fall further to 250 crore litres in 2024-25, making up just 28 per cent of the total blending target of 900 crore litres," it said in a statement. The main reason for this drop is that ethanol procurement prices have not been increased in line with the rise in the Fair and Remunerative Price (FRP) of sugarcane , making ethanol production less profitable for sugar mills . Although there is potential to divert up to 40 lakh tonnes of sugar into ethanol this year, only 32 lakh tonnes are expected to be diverted. "This shortfall is due to the gap between ethanol prices and better returns from selling sugar directly in the domestic market," NFCSF said. As a result, India's ethanol production capacity of 952 crore litres per year -- including 130 crore litres from multi-feed distilleries -- is being under-utilised. The Ethanol Blending Programme (EBP) has emerged as a vital solution to the longstanding issue of surplus sugar stocks under the National Policy on Biofuels - 2018, which set an ambitious target to divert 60 to 70 lakh tonnes (LMT) of excess sugar annually towards ethanol production. Since the policy's inception, India's ethanol production capacity has expanded significantly from 518 crore litres in 2018 to 1,800 crore litres in 2025. Correspondingly, the ethanol blending rate with petrol has risen sharply from 4.22 per cent to 18.61 per cent as of April 30, 2025. Sugar production has reached 286.9 lakh tonnes as on April 30 of the ongoing 2024-25 season, out of which 30 lakh tonnes have been diverted for ethanol. The industry has additionally suggested evaluating the possibility of blending ethanol in diesel as a future strategy to expand ethanol use across fuel types. NFCSF noted that diverting sugar to ethanol does not reduce the actual production of sugar but helps to manage surplus sugar stocks, stabilise market prices, improve the financial health of sugar mills, and ensure timely payments to farmers.
Time of India
18-05-2025
- Business
- Time of India
532 of 534 sugar mills shut; UP records smallest dip
Pilibhit: Sugar production in India fell by over 55 lakh metric tons (LMT) this crushing season, with 532 out of 534 sugar mills ceasing operations by May 15, according to the National Federation of Cooperative Sugar Factories (NFCSF). Despite widespread challenges, Uttar Pradesh saw the smallest drop among major sugar-producing states. Production declined from 315.40 LMT in 2023-24 to 257.40 LMT in 2024-25. The drop was largely due to lower sugarcane availability , widespread red rot disease, and a dip in average recovery rates—from 10.10% last year to 9.30% this season. The total cane crushed also fell by 354.86 LMT to 2767.75 LMT. UP, with 122 sugar mills, reported a relatively modest decline of 10.90 LMT—from 103.65 to 92.75 LMT. In contrast, Maharashtra's output fell by 29.25 LMT to 80.95 LMT, and Karnataka dropped 11 LMT to 40.40 LMT. To curb sugarcane diversion to jaggery units offering higher prices, the govt brought Khandsari units with capacities above 500 TCD under the official cane pricing framework for the first time. It also notified the Sugar (Control) Order, 2025, replacing the 1966 regulations. NFCSF managing director Prakash Naiknavare said sugar diversion to ethanol this season was 32 LMT—below the 35 LMT target—due to a lack of price revision for ethanol from sugarcane juice and B-heavy molasses, making sugar production more viable. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch Bitcoin và Ethereum - Không cần ví! IC Markets BẮT ĐẦU NGAY Undo To stabilise the industry, NFCSF has urged the govt to raise the Minimum Selling Price (MSP) of sugar to offset rising production costs, announce an early 50 LMT diversion target for ethanol in 2025–26, increase ethanol procurement prices, and maintain a progressive export policy to support port-based states.
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Business Standard
15-05-2025
- Business
- Business Standard
Sugar stock seen sufficient for late-2025 despite output fall: NFCSF
India's sugar closing stock is projected at 4.8-5 million tonnes, enough to meet domestic demand in October-November 2025, despite falling production in the current 2024-25 season, the National Federation of Cooperative Sugar Factories (NFCSF) said on Thursday. Sugar season runs from October to September. Sugar output declined 18.38 per cent to 25.74 million tonnes till May 15 of the 2024-25 season, compared with 31.54 million tonnes in the year-ago period, the cooperative body said. The production drop stems from lower sugar recovery rates, which fell to 9.30 per cent from 10.10 per cent, and reduced cane availability for crushing. Total cane crushed decreased to 276.77 million tonnes from 312.26 million tonnes in the same period. NFCSF projects overall 2024-25 season sugar production at 26.11 million tonnes, down from 31.9 million tonnes in the previous season. "The closing stock at the end of the season is projected to be around 4.8-5 million tonnes, which is sufficient to meet domestic demand in October and November 2025," the federation said in a statement. Production is expected to rebound in the 2025-26 season due to favourable monsoon conditions and increased cane sowing in Maharashtra and Karnataka. Ex-mill sugar prices remain stable at Rs 3,880-3,920 per quintal, supported by lower production and the government's decision to permit exports. NFCSF urged the government to raise the Minimum Selling Price of sugar to offset increased production costs, announce a 5 million tonne sugar diversion target for ethanol in 2025-26, revise ethanol procurement prices, and maintain a progressive export policy.
