Sugar output up 20% at 259 lakh tonnes till March 15
Mills sign contracts for around 43 lt against a total export quota of 60 lt
Sugar mills in the country produced 258.68 lakh tonnes (lt) of sugar till March 15 — nearly 20 per cent more than 216.13 lt produced in the corresponding period in the previous sugar season — riding mainly on significantly improved performance of mills in Maharashtra, Indian Sugar Mills Association (ISMA) said on Wednesday.
Of the 502 mills in the country, 331 are still crushing sugarcane while 171 had stopped crushing already. During the previous sugar season, 319 were in operation while 138 mills stopped crushing in the same period.
Agri-commodity prices set to soften in H2 this year
Global agricultural commodity prices are currently trading at elevated levels for a combination of reasons including inclement weather, ultra-accommodative monetary policy and not the least, geopolitics through the crude oil route. The market has rallied for the past eight months or so.
Corn (maize), cocoa, cotton, soyabean, palm oil and others are trading at multi-year highs due to supply shortfall caused by La Nina weather impact, especially in South America and parts of Europe.
Ending uncertainty, Telangana says it will procure rabi paddy
Mulls procurement centres in Covid hotspots, hinterland
Ending weeks of uncertainty and speculation, the Telangana Government has said it will procure paddy and ensure farmers get minimum support price (MSP) for paddy for the rabi produce.
“We are planning to introduce a regulated process wherein the farmers will be given coupons. They can go to the markets and sell their produce at the FCI procurement counters,” Chief Minister K Chandrashekar Rao said.