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News - Sugar

  • Sugar output may miss forecast, ease global glut (Live mint.com 7th Dec 2007) India, the world’s second biggest producer of sugar, may make less of the sweetener than forecast by traders and millers because of delays in crushing cane, easing a glut that has slashed global prices.
    Output may be 28.3 million tonnes (mt) in the year to 30 September, said Vinay Kumar, managing director of the National Federation of Cooperative Sugar Factories Ltd. That is less than the 30mt the group had predicted in July and a 33mt estimate from the International Sugar Organization (ISO) in London.
    A global glut has slashed refined sugar prices 35% in 18 months, making the sweetener the worst performing agricultural commodity over that period. World output may exceed demand by 11.1mt this year, led by a record output in India, ISO has said.
  • Bajaj Hindusthan Sugar & Industries Ltd has informed BSE that the following two new Sugar Plats at:1. 7,000 TCD plant at Rudauli in District Basti; and2. 15,000 TCD plant at Kunderki District Gonda,both being located in Eastern Uttar Pradesh have commenced operations. With these two new plants, the aggregate operating capacity of the Company, during the current sugar season has increased to 28,000 TCD from the earlier capacity of 6,000 TCD.
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