Latest news with #sugarproduction
Zawya
9 hours ago
- Business
- Zawya
India faces two years of sugar surplus, growers and officials say
SATARA, India - India is set to produce surplus sugar for at least two consecutive years, as millions of farmers expand the area under sugarcane cultivation amid ample rainfall, boosting crop yields, growers and industry officials said. The rebound in production would allow the world's second-largest sugar producer to increase exports in 2025/26, they said, after poor rainfall cut sugarcane yields and led to two years of export restrictions. "Sugarcane usually gives us good returns, but sometimes we can't plant it due to a lack of water," said Umesh Jagtap as he planted the crop on a three-acre plot in Maharashtra, a leading sugar producing state in the west. "This year, we had heavy rain in May, and the forecast says more rain is on the way. So we're planning to plant more than usual." Farmers from Maharashtra and neighbouring Karnataka struggle to irrigate their sugarcane crop in May. This year, however, Maharashtra and Karnataka received 1,007% and 234% more rainfall than average, respectively. The rainfall will benefit the crop to be harvested in the 2025/26 season, starting October, and will also support planting for the 2026/27 harvest, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories (NFCSF). Sugarcane typically takes 10 to 18 months from planting to harvest. As a result, farmers who began planting this month are expected to harvest their crop during the 2026/27 season. The NFCSF estimates gross sugar production in 2025/26 to rise by nearly a fifth from a year earlier, reaching 35 million metric tons. For the 2024/25 marketing year to September, India's net sugar production is expected to fall below consumption for the first time in eight years. This decline stems from a 2023 drought that hit sugarcane planting and forced India to prohibit sugar exports in 2023/24 and allowing merely 1 million tons in 2024/25. India was the world's No. 2 sugar exporter during the five years to 2022/23, with volumes averaging 6.8 million tons annually. "Looks like production is set to bounce back strongly, so New Delhi will probably have no trouble allowing exports of over 3 million tons in the next season starting October," said a Mumbai-based trader with a global trade house.
Reuters
10 hours ago
- Business
- Reuters
India faces two years of sugar surplus, growers and officials say
SATARA, India, June 9 (Reuters) - India is set to produce surplus sugar for at least two consecutive years, as millions of farmers expand the area under sugarcane cultivation amid ample rainfall, boosting crop yields, growers and industry officials said. The rebound in production would allow the world's second-largest sugar producer to increase exports in 2025/26, they said, after poor rainfall cut sugarcane yields and led to two years of export restrictions. "Sugarcane usually gives us good returns, but sometimes we can't plant it due to a lack of water," said Umesh Jagtap as he planted the crop on a three-acre plot in Maharashtra, a leading sugar producing state in the west. "This year, we had heavy rain in May, and the forecast says more rain is on the way. So we're planning to plant more than usual." Farmers from Maharashtra and neighbouring Karnataka struggle to irrigate their sugarcane crop in May. This year, however, Maharashtra and Karnataka received 1,007% and 234% more rainfall than average, respectively. The rainfall will benefit the crop to be harvested in the 2025/26 season, starting October, and will also support planting for the 2026/27 harvest, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories (NFCSF). Sugarcane typically takes 10 to 18 months from planting to harvest. As a result, farmers who began planting this month are expected to harvest their crop during the 2026/27 season. The NFCSF estimates gross sugar production in 2025/26 to rise by nearly a fifth from a year earlier, reaching 35 million metric tons. For the 2024/25 marketing year to September, India's net sugar production is expected to fall below consumption for the first time in eight years. This decline stems from a 2023 drought that hit sugarcane planting and forced India to prohibit sugar exports in 2023/24 and allowing merely 1 million tons in 2024/25. India was the world's No. 2 sugar exporter during the five years to 2022/23, with volumes averaging 6.8 million tons annually. "Looks like production is set to bounce back strongly, so New Delhi will probably have no trouble allowing exports of over 3 million tons in the next season starting October," said a Mumbai-based trader with a global trade house.
Times of Oman
16-05-2025
- Business
- Times of Oman
India to close 2024-25 sugar season with comfortable stock of 52-53 lakh tonnes: ISMA
New Delhi: India will close the current sugar marketing season with a closing stock of around 52-53 lakh tonnes, believed to be a comfortable buffer, and it will ensure that the country has a sufficient supply to meet its demand, Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said on Friday. Sugar marketing season in India runs from October to September. The 2024-25 season commenced with an opening stock of 80 lakh tonnes. Considering the projected domestic consumption of 280 lakh tonnes and export estimates of upto 9 lakh tonnes, the closing stock is likely to be around 52-53 lakh tonnes, according to the industry body ISMA. The 2024-25 sugar season is projected to conclude with a net sugar production of approximately 261 to 262 lakh tonnes. This includes 257.44 lakh tonnes produced up to mid-May, along with an estimated 4 to 5 lakh tonnes anticipated from the special crushing season in Tamil Nadu and Karnataka. As per the supplies upto April 30, 2025, approximately 27 lakh tonnes of sugar have been diverted for ethanol production during the current season. An additional 6 to 7 lakh tonnes are expected to be diverted over the remaining season, the industry body said. The industry body has painted an optimistic outlook for the 2025-26 sugar season. "The 2025-26 sugar season is shaping up to be promising, buoyed by several positive developments across key sugar-producing regions," the industry body said on Friday. In the southern states, particularly Maharashtra and Karnataka, sugarcane planting has shown significant improvement, thanks to a favourable southwest monsoon in 2024. "Supported by a strong cane availability, the stage is set for a timely start to the crushing season in October 2025," it said. Adding to this positive momentum are climate forecasts from both the India Meteorological Department (IMD), which predict a normal southwest monsoon in 2025. "This bodes well for crop health and production, strengthening confidence in a robust and productive sugar season ahead," said the industry body. In its pre-monsoon forecast in 2024, India Meteorological Department (IMD) predicted rainfall across the country to be above normal, at 106 per cent of the long-period average. The monsoons are a key indicator that helps analysts gauge the economic outlook of the country's manufacturing and agricultural sectors.
