![]() Since cane supply also means extended supply of its straw residue or bagasse, mills use it for firing their boilers and refining raw sugar alongside. Mills in Tamil Nadu continue getting cane supply months after the harvest is over in UP and Maharashtra. Two, mills that enjoy an extended cane harvesting season. So their business model depends on importing raw sugar all year long ![]() These are mills with port-based refineries that are specifically designed to produce white sugar from raw sugar. One, mills that have uninterrupted fuel supply. We can divide Indian sugar mills into four groups. Investors tend to believe that increase in raw sugar imports in a year of shortage would benefit all sugar companies. India has so far contracted to import more than 4 million tonne of raw sugar since February for processing and sale into the domestic market Įach time the government tinkers with its policy on importing sugar, shares of all listed sugar companies go up. In total around 20.85 lakh tonne of sugar (levy and non-levy) will be available during October Sugar prices in India have surged by more than 55% in 2009, because of an estimated 43% fall in sugar output to 15 million tonne in 2008-09. Of this, around 2.63 lakh tonne will come from imports of white sugar and raw sugar that comes into the market after being converted into refined sugar. ![]() Sugar prices might touch Rs 40 a kg when fresh imported consignments would land here in the next season In order to control sugar prices during the ongoing festival season, the government decided to release around 18.5 lakh tonne (lt) of non-levy sugar for October, almost 16,000 tonne more than last month. Retail prices have to be fixed at a minimum of Rs 35 a kg factoring in margins of both companies and distributors The country’s sugar stocks from this season, ending Wednesday, are just enough for domestic consumption of a little over three months Imports may not ensure a fall in sugar prices because of the prevailing high global rates Import by India may not still pull down prices as global rates are ruling high.(Rs 30.5 a kg). By Shashikant S Kulkarni, aquarius career academy, saptapur, dharwad,karnataka state
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