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23 May 2014

sugar production 15 may 2014

The crushing operations by the sugar mills across the country have come to an end, except for 20 sugar mills in Tamil Nadu.

·                 As compared to about 247 lakh tons of sugar produced between 1st October 2012 and 15th May, 2013, in the last 2012-13 sugar season, the Indian sugar industry has produced about 239 lakh tons of sugar in the current 2013-14 sugar season between 1st October 2013 and 15th May, 2014.

·                 The sugar mills in Maharashtra have produced 77 lakh tons of sugar, followed by the sugar mills in Uttar Pradesh who have produced about 64.5 lakh tons and then mills in Karnataka who have produced just over 41 lakh tons.

·                 As compared to the previous sugar season upto 15th May, the sugar mills in Maharashtra have produced almost similar quantity of sugar, whereas the mills in Uttar Pradesh produced about 10 lakh tons less and mills in Karnataka have produced over 7 lakh tons more than last year.

·                 However, in the case of the fourth largest sugar producing State viz. Tamil Nadu, the production is significantly lower than last year when they had produced almost 16 lakh tons, but have produced 11.5 lakh tons in this sugar season. 

·                 There is a special season for the sugar mills in Tamil Nadu and some of the sugar mills in South Karnataka, and they crush sugarcane in the months of August – September 2014 also.  Therefore, there would be some sugarcane which would be crushed by these sugar mills for a few weeks, before this current sugar season ends.

·                 As per the cane availability for the current sugar season and the current sugar production of about 239 lakh tons produced upto 15th May, 2014, it is estimated that the sugar production for the full sugar season of 2013-14 should be around 242 lakh tons. 
·                 The sugar despatches made by the sugar mills during the full season 2012-13, was 228 lakh tons for domestic consumption.  As compared to this and considering the trend of sugar despatches till now, it is estimated that the sugar despatches by the sugar mills for domestic requirement, will be higher than last year and may be around 240 lakh tons.

·                 The opening balance as on 1st October, 2013, for 2013-14 season was around 93 lakh tons.  It is expected that around 19-20 lakh tons of sugar will get exported out of the country in the whole season i.e. October 2013 – September 2014 and, therefore, considering the consumption and production numbers, the closing balance as on 30th September, 2014 is expected to be around 74-75 lakh tons.

·                 The country will be opening the new season with almost 18-20 lakh tons less than last year, but there will be a surplus of about 15-20 lakh tons, which can be exported  as and when opportunity arises.  However, the pace of sugar exports has slowed down because of the unreasonable and unexpected reduction of the export incentive from Rs. 3300 per to Rs. 2277 per ton by the Food Ministry, which the sugar industry and exporters feel is not as per the gazette notification of 28th February, 2014.


दोस्तों अगले हफ्ते से डेली न्यूज़ अपडेट मिलगे....

आर एस राणा

09 May 2014

Sugar Production upto 30.04.2014

Till 30th April, 2014, about 237.5 lakh tons of sugar has been produced against 246 lakh tons of sugar production last year during same period. Sugar season 2013-14 has almost come to an end with only about 80 sugar mills operating on 30th April 2014. · Maharashtra has produced 76.50 lakh tons of sugar after crushing 671 lakh tons of sugar with 11.4% of sugar recovery. As on 30th April, 2014, only 15 mills were still crushing sugarcane. During same period last year, sugar production was at 79.81 lakh tons with same sugar recovery as that of current year. The 15 factories which are still operating are mostly located in Kolhapur & Pune zone. · Uttar Pradesh has crushed 692 lakh tons of sugarcane to produce about 64.10 lakh tons of sugar with 9.27% of sugar recovery. Only 10 sugar mills are still crushing which are mostly in western zone of Uttar Pradesh. Last year, till April end, Uttar Pradesh had produced 74.8 lakh tons of sugar with 9.18% of sugar recovery. · Karnataka has produced historically the highest ever sugar till date, which is at 41.7 lakh tons of sugar production, at 10.99% of sugar recovery. Millers are not expecting much sugar production in special season, which usually happens in August and September. Last year till date, sugar production was at 34 lakh tons with 10.4% of sugar recovery rate. · Gujarat has produced 11.8 lakh tons of sugar, which is about 4% high than last year’s total sugar production. All mills have already closed for the season. Andhra Pradesh has produced 9.9 lakh tons of sugar with 10% of sugar recovery. However, AP has already touched its last year’s level of sugar production and soon all mills will close in a week time. Tamil Nadu which has produced 10.8 lakh tons of sugar till 30th April, 2014, which is about 30% less than last year’s sugar production during same period. · Delay in sugar exports incentive notification is also keeping Maharashtra, Karnataka and Tamil Nadu millers in uncertainty, who still have raw sugar stocks of about 6 lakh tons, at the end of 31st March, 2014. · Several export contracts which were finalized with the expectation of Rs. 3300 per ton of incentives are not getting executed, burdening the domestic market with some extra sugar. · Meanwhile, the cane price arrears across the country have crossed Rs. 10,000 crore, the highest ever. If one considers cane price which remains unpaid, the amount would cross Rs. 12000 crore, which is almost 20% of the total cane price payable in the current season. · With sugar prices again falling quite fast in the last fortnight, the chances of cane price arrears getting cleared early seems remote. · Sanction and disbursement of the interest free loans is also slow and only about 50% of the intended loans have been received by the mills, delaying clearance of arrears of farmers. · The raw sugar production incentive and exports thereof has also not given the desired benefits to the millers and the farmers, when against the targeted export of 40 lakh tons, only about 3 to 4 lakh tons has got exported. Delay by Government to announce the incentive rate for April – May is further harming the sector, and delaying clearance of arrears of farmers.

Export of Oilmeals – April 2014

The Solvent Extractors’ Association of India has just compiled the export data for export of oilmeals for the month of April, 2014 The overall export of oilmeals during April 2014 is reported at 236,835 tons compared to 197,554 tons in April 2013 i.e. up by 20%, thanks substantial export of Rapeseed Meal to South Korea and Thailand during April 2014. Export of Soybean Meal drastically reduced in April 2014 due to high price of soybean lead to disparity in crushing and export.

Chana traded with high volatility

Chana Chana traded with high volatility as demand rose slightly at these lower levels. Traders anticipate demand to start rising in the coming days as Elections get over—and that could support the prices to some extent. Reports of weak Monsoon as pre-dicted by IMD did firm up rates last week but Elections and the intermit- tent holidays have kept demand low. Poor quality arrivals amidst lack of strong demand from millers have been keeping prices down for Chana in recent weeks. But with rates hav-ing fallen a lot, domestic demand is likely to rise once Elections get over. Australian Chana production report-edly has fallen by 23%. Significant imports at low rates (with Dollar remaining weak vs Re) have pre-vented any strong uptrend. As per ministry of Agriculture re-ports, sown area for Rabi Pulses is projected at a record high 16.2 mil-lion. Significant improvement in yield to move above 900kg/ha was also possible due to conducive weather. Indian government raised MSP for Chana for marketing year 2014-15 to Rs. 3100/Q — up Rs. 100 than last year prices. This enabled a rise in sowing area. Imports of Pulses from Myanmar, Australia and Canada have risen. Imports of Kabuli Chana are there. A fall in Dollar vs Re has kept the import cost low however, which is ensuring Pulses rates show-ing some corrections. In the first nine months of fiscal 2013-14, pulses arrivals from abroad aggregated 2 mt; for the whole year, imports are projected at 2.6 mt, sharply down from 3.8 mt last year, according to Commerce Ministry data. As per 2nd Advanced Govt Esti-mates, Pulses production in 2013-14 is likely to rise to 19.77 million tons—up from 18.34 million tonnes in 2012-13. Production of all major Pulses—Chana, Tur and Moong, except Tur are expected to rise. Tur production in 2013-14 expected up at 3.34 million tonnes—up from 3.02 million tonnes; Chana at 9.79 million tonnes - up from 8.83 million tonnes; Urad at 1.59 million tonnes—down from 1.9 million tonnes; Moong at 1.28 million tonnes—up from 1.19 million tonnes in 2012-13.

Soybean Area In Ukraine Is Bound To Increase By 17 % In MY 2014-15

Farmers In Ukraine received better return from Soybean in comparison to other crops and they have planned to increase coverage area under soybean in MY 2014-15.As per preliminary estimate area under soybean may increase by 17 percent to 1.6 mln ha in My 2014-15 against 1.36 mln ha last year. Production based on average yield may reach3.2 MMT. Global soybean market remains attractive for soya farmers. Overall outlook for soy products remains bullish.Besides there is good demand for meal,oil in domestic market too. Farmers can export soybean easily from the country.This growth is mainly stimulated by export attractiveness of this oilseed. Also, domestic soybean production is expected to continue responding to the domestic demand from growing industrial poultry and animal production in the country.

Poor Quality Arrivals lost the Buyers Interest in Erode Market

Inferior quality arrivals coming to the Erode market, current period yield was affected due to cyclone at the time of early maturity stage, buyers were reported unresponsive in the Erode domestic market. Most of the arrivals were of medium variety and no fine variety turmeric arrived for sale and traders quoted lower price.

Progressive Procurement of Rice Touched 26 Million Tons in KMS 2013-14 So Far

All India progressive procurement of Rice as on 02nd May 2014 is about 26.62 million tons against the procurement of 30.89 million tons from same period last year. Highest procurement contribution from Punjab (8.10 million tons) followed by Andhra Pradesh (4.33 million tons) and Chhattisgarh (4.28 million tons).Total procurement in 2012-13 is 34.02 million tons.

Corn Weekly Export Data- USDA

As per USDA, U.S accumulated corn export figures reached to 29,261,589 metric tons for the 2013-14 marketing year which is higher by 16% from the last week and 11% from the prior 4-week average. Exports of 1,415,100 MT were reported by U.S. to Japan (507,200 MT), Mexico (220,800 MT), South Korea (140,100 MT), Taiwan (135,000 MT), Egypt (118,800 MT), Vietnam (63,000 MT), and Spain (57,000 MT) for the period Apr 25- May 1, 2014

FOB Quotes For Castor Oil Range In Between $1360 To $1365 Per Tonne

Castor seed cash market trades higher due to increased buying activies and firm innertone in the market.Futures and cash markets traded higher from previous day.Bull operators are active and may drag prices further It up from current level. castor seed arrivals have decreased slightly from 1.10 lakh bags to around 1 lakh bags(80 kg). It is being sold in action at Rs 3700 to 3850 per qtl. and traders say that any dip from this level is unlikely.Arrival pressure would continue to decrease in the weeks ahead.Indian FOb quotes for oil range in $1360 to $1365 per tonne.Major buyers are active and this month export figure may cross 50,000 tonne.