While the ISMA trading body has estimated sugar opening values on 10/1/16 in the 77 lakh MT, on the ground, it may not exceed 65 lakh TM. This is the hard truth.
For the 2016-17 season, ISMA has revised its estimated sugar production reduced from 234 lakh lakh TM to 213 MT and now more than 203 lakh TM, which is around 201 lakh TM and maybe just below 203 lakh TM .
ISMA is trying to reduce the sugar scarcity scenario and the precarious situation on the ground to avoid government anger, showing that India has enough sugar.
This was indicated by ISMA even before the season in October 2016. The situation would be worse had there been no import of 5 lakh tonnes of sugar from May to July 2017.
Estimating the final stock of 30-9-17 23 lakh MT and this is equivalent to about 31 days of sugar consumption, which can take care of needs in October 2017.
From November 1, 2017, India could not have sugar to eat, unless Indian factories will begin to crush the last week of October in Maharashtra, Karnataka and UP.
India has learned to have seen consumption of 182 lakh tonnes of sugar during the first nine months ending between 30 and 6-17 and there is a stock of 69 lakh tonnes of sugar as 01/07/17 reported by the media .
In return, estimated consumption for 3 months ending between 30-9-17 was observed at 66 lakh tonnes, due to the festive season that followed and stock settlement occurred due to the GST transition.
This gives even more gloomy situation for October 17 that was not considered and was based here.
In return, looking for an available stock of 23 lakh tons of sugar, 30-9-17, can meet consumption for the month of octobre17 single; This month risk of higher sugar consumption as Independence Day, the most important season for sugar consumption falls on October 19 this year.
UP: Sugar production of 88 lakh TM for the 2016-17 season, growing by more than 29%, compared to the 68 lakh MT observed last season.
Maharashtra and Karnataka sugar production fell by more than 42% this season compared with last season, with Maharashtra saw 42 lakh tonnes and 20.60 lakh tonnes in Karnataka. .
TN, AP, Telangana: sugar production this season is lower by about 25% on average, v / s season dernière.TN should show a production of 10.50 lakh tonnes, while AP and Tealnagan 6 lakh tonnes.
The free sugar mill price in Tamil Nadu now exceeds Rs.1.50 per kg. During UP ex mill, which otherwise had always used to reign up to Rs.1.50 / kg, as there is no significant stock of sugar in Tamil Nadu.
TN experiencing a great shortage of water, with Gob. After having allocated water for priority purposes such as alcohol, livestock, coconut farming and sugar cane.
Therefore, TN will not see the output of more than 2 lakh MT sugar second season 2016-17, which began in June 2017. Even in the current monsoon, since the date was met with a deficit of about 27% up That date, which also Aura strong impact on production next season.
Therefore U.P. Sugar mills, which hold good pieces of sugar, recorded the best results that have been made during the year 16-17, so that the record could be broken by a financially performing companies to record up to exercise 17-18 .