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Sugar production by mid-Feb up 3.6 percent: ISMA

India’s sugar production up by 3.6% as on February 15 as compared to same period of previous year, according to industry body Indian Sugar Mills Association (ISMA).

As on February 15, 2016, 472 sugar mills in the country were in operation and they produced 173.37 lakh tonnes of sugar, as compared to 167.24 lakh tonnes produced by 516 sugar mills as on February 15 2015.

Sugar production in this season till February 15, 2016 is 6.13 lakh tonnes higher than the sugar produced upto the corresponding date last year. Of the 511 sugar mills that started crushing in 2015-16 SS, 39 mills have closed their operations.

U.P. has produced 45.55 lakh tonnes of sugar till February 15, 2016 as against 42.25 lakh tonnes of sugar production last year till February 15, 2015.
As on date, out of 116 sugar mills which started operation during the current sugar season, 1 sugar mill has shut its crushing operations. In Maharashtra, 177 sugar mills have produced 62.70 lakh tonnes of sugar till February 15, 2016, which is 3.5% lower to 65 lakh tonnes produced in last season on the corresponding date.

About 33 sugar mills have closed their operation for 2015-16 SS, as compared to 1 mill which had closed in 2014-15 SS by February 15 2015. 64 sugar mills of Karnataka have produced 32.21 lakh tonnes of sugar as on February 15, 2016, compared with 28.55 lakh tonnes of sugar production in last year till February 15, 2015. 4 sugar mills have shut their crushing operations by February 15, 2016 for 2015-16 SS, as compared to 2 mills which had shut their crushing last year on the corresponding date.

Andhra Pradesh and Telangana sugar mills have produced 5.50 lakh tonnes of sugar upto February15, 2016. This is lower to last year, during the same period, when there was a production of 6.25 lakh tonnes upto the corresponding date.

In Tamil Nadu, 37 sugar mills have produced 4 lakh tonnes of sugar as on February 15, 2016, as compared to 3.25 lakh tonnes of sugar produced by 42 sugar mills in 2014-15 SS till February 15, 2015.
As regards Gujarat, 8.08 lakh tonnes of sugar have been produced by 20 sugar mills as on February 15, 2016. 1 sugar mill has shut its crushing operation for the current sugar season. Last year, 19 sugar mills had produced 7.25 lac tons of sugar on the corresponding date.

Sugar production in Haryana and Uttarakhand till February 15, 2016 remained almost at the same level as that of last year. Repayment of loans taken by mills last year, like SEFASU and soft loans for payment of cane price of 2014-15 SS, has started in February – March 2016.

Considering the high debt burden of mills and repayment of other loans including term loans and working capital loans taken from banks, almost all mills are facing difficulties in servicing the bank debts as well as in payment of cane price to farmers at the same time.

(Economic Times)

 

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