India likely to witness a record Sugar production of almost 29-30 million tonnes in the 2018-19 crop marketing year that will start from October next year. Sugar production in 2017-18 is projected at 25 million tonnes.
If estimates are correct, then India might have a surplus of almost 4-5 million tonnes of Sugar by the end of 2018-19 season.
The estimate is based on the standing Sugarcane crop estimates in some states and also planting intention by farmers.
The retreating monsoon this year has been good in parts of Maharashtra after two consecutive years of low rains, while in Uttar Pradesh the high-yielding C0-238 variety is expected to cover almost 80 per cent of the planted area, which should itself lead to a significant rise in sugar production," industry sources said.
UP surpassed Maharashtra to become India's foremost Sugar producing state and it is likely to maintain this lead for the next two years. All thanks to the new variety.
The price realised from Sugarcane for farmers in 2017-18 is also expected to be better than other crops as the UP government has raised the State Advised Price (SAP) of sugarcane by Rs 10 per quintal for both common variety and early maturing varieties at Rs 315 per quintal and Rs 325 per quintal respectivey.
The Central government too has raised the Fair and Remunerative Price (FRP) of Sugarcane for 2017-18 season by Rs 25 per quintal to Rs 255 per quintal.