Live Spot Prices
Brass ( MCX ) 362 | Gold ( MCX ) 25230 | Castor Seed ( MCX ) 4265 | Silver ( MCX ) 41370 | Cotton Seed ( NCDEX ) 1245 | Sugar M ( NCDEX ) 2900 | Coriander ( NCDEX ) 4835
Sugar industry urge subsidy support from Centre
Commodity Online | April 16 2018
UPDATED 12:04:22 IST

Commodities Outlook: Markets trade with a mixed bias, weaker rupee limits downsides

AP Coffee yield likely to hit a record 9,990 mt this year

India’s Natural Gas output grow for the first time in 6 years

Maharashtra to extend procurement of Arhar till May 15

Jeera prices rise on weak arrivals, strong global demand

The Sugar industry renews its demand to the Centre for production subsidy to sustain Sugarcane payments to farmers and to support exports.

The industry is hoping the Centre repeats the kind of support it had extended in 2015-16 anticipating a glut. The government had then come out with a factory-wise Minimum Indicative Export Quota in September 2015 and in December a production subsidy of about Rs 45 a tonne of cane to support Sugarcane payments.

Under the present circumstance, a repeat is needed in terms of export and Sugarcane payment support. This has to be well on time for the industry and farmers to plan. In the current 2017-18 (October – September) season, surplus Sugar production is pegged at over 300 lakh tonnes (lt) and in the coming season also the industry is expected to see a repeat performance, possibly even a slightly higher output.

Against a domestic consumption of about 250 lt, a surplus of about 50 lt is expected in the current season and an equal amount in the coming season.

Commodity Arrivals Rate
Mustard Oil 250 7500.00
Coconut Oil 0.1 23000.00
Arecanut 2 2850.00
Sugar NR 3350.00