Sugar output jumps 8% till jan, but cane arrears mounting
Rs 20,000 cr – cane price arrears at the end of January 2019
The higher production in the current marketing year as compared to last year is because the mills had started crushing earlier this year than the previous season, ISMA said
185 lakh tonne – sugar production in first four months of this marketing year ending September
307 lakh tonne – output estimated in 2018-19 marketing year (Oct-Sept)
325 lakh tonne – production in the previous year
Rs 20,000 cr – cane price arrears at the end of January 2019
Rs 29-30 per kilo – average domestic ex-mill price
Rs 35-35 per kg – sugar price demanded from the government
70.70 lakh tonne – sugar production in Maharashtra
53.36 lakh tonne – output in Uttar Pradesh
Considering the pace of crushing in the remaining three peak months of current 2018-19 season and if current average all India domestic ex-mill price remains at around Rs 29-30 per kilo, millers might not be able to clear the dues on time," — ISMA