Sugar production at 10.9 million tonnes on January 15, down 26 per cent from last year
Sugar mills in the country produced 108.85 lakh tonnes of sugar till January 15, nearly 26 per cent lower than the 147.40 lakh tonnes produced during the corresponding period last year, a statement from Indian Sugar Mills Association (ISMA) said on Friday.
As many as 440 mills are engaged in crushing operation currently, compared to 511 mills in the same period in the last sugar season. India’s sugar season starts in October and goes on till September next year.
In Uttar Pradesh, as many as 119 sugar mills are involved in crushing currently, and they have produced 43.78 lakh tonnes of sugar at an average recovery of 10.83 per cent. This is marginally higher than the 41.93 lakh tonnes of sugar produced by 117 mills during the same period last season. The average recovery rate was a tad higher last year at 10.97 per cent.
US-Iran stand-off hits Russian buying of orthodox tea from Kochi
Geopolitical tensions following the stand-off between the US and Iran seem to have impacted the offtake of orthodox tea varieties from Kochi auctions this week.
The entire quantity of 9,000 kg of orthodox tea offered in Sale No 3 remained unsold and traders attributed this to reduced offtake by Russia in the last fortnight. Russia is a major buyer of South Indian orthodox tea and this particular variety finds markets in Iran as well from there.
Maharashtra govt sets up panel to extend relief to farmers with loans of over ₹2 lakh
The Maharashtra government has appointed a sub-committee to study and recommend an appropriate scheme for farmers having overdue of short-term crop loan/restructured crop a loan above ₹2 lakh and for those who have repaid their crop loan on time.
The Government Resolution (GR) issued on Wednesday states that the sub-committee will conduct a study to provide relief to farmers who have regularly paid loans. The committee will also study a way out to provide relief to farmers who have restructured crop loan.