Posts Tagged ‘Maharashtra’

India’s Sugar Output Could Rise by 16 Million Tonnes : Pawar

Food and Agriculture Minister Sharad Pawar stated that due to improved yields in key growing states, India’s sugar output in the current season could rise by 16 million tonnes (MT). 🙂

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The output is still much short of India’s annual demand of 23 MT.

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Sugar season runs from October to September.

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He said that the productivity of sugarcane has boosted considerably in Karnataka and Gujarat along with the top 2 producers Maharashtra and Uttar Pradesh..

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The encouraging trend is that sugarcane productivity particularly in Uttar Pradesh, Maharashtra, Karnataka and Gujarat has improved substantially.

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Meanwhile, Maharashtra and UP produce nearly 60% of India’s total sugar output.

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He added that the government may revise upwards the sugar estimates after reports of higher cane yield from these states.

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On the other hand, the government has estimated sugar output in the 2009-10 season (October-September) at 16 MT, against 14.7 MT in the previous season.

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Earlier, Biscuit makers stated that the government’s decision to reduce stock limits of sugar to 10 days will have an unfavorable impact on their production and also that they should be allowed to keep supplies for minimum 30 days.

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Federation of Biscuits Manufacturers of India (FBIM) Secretary Mallika Verma stated that any control imposed on stock limit of sugar will restrict manufacturer’s freedom in the manufacture of finished goods.

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Previously, Kanhaiyalal Gidwani, a senior Maharashtra Congress leader has urged the Prime Minister to limit industrial users from consuming domestically produced sugar, stating that sugar prices could touch a high Rs 60 a kg if supply is not hiked.

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Such a step can augment the supply by a hefty 40 lakh tonne as 20% of the domestic demand come from industrial users.

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He said the Centre should change sugar control policy by restricting industrial users like manufacturers of soft drinks, fruit-juices, alcohol, chocolates and ice-creams from using locally produced sugar and instead allow them to import the sweetener.

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Moreover, the Centre has extended the stock limit order for sugar till September for Sugar, where the states are authorized to take action against the hoarders and black marketers.

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Earlier the validity of the anti-hoarding order was issued in March, 2009 and was supposed to expire on 31st of January, which has been further extended till September. Previously, the order was extended for 6 months till July, 2009.

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However, earlier, it was said that inspite of the promise made by Mr. Sharad Pawar, Food Minister of the country, to reduce the retail prices of sugar, still the prices are increasing.

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Therefore, to boost the domestic supply and temper prices, the Prime Minister – Dr. Manmohan Singh approved the proposal to sell imported raw sugar stocks lying at Mundra and Kandla ports.

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Meanwhile, the government had announced a vital repose of norms for the import of raw sugar, where the sugar could be refined anywhere in the country and not only by the mill that had imported it.

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Mr. Sharad Pawar, Agriculture Minister said to accelerate the refining of raw sugar and improve its availability in the market, the government has relaxed the central excise rules to enable the processing of sugar in any mills of the state.

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On the other hand, Mr. Sharad Pawar our Food Minister has said, the country will have enough sugar this year, but the prices of sugar will continue to be higher because of the low output in sugar. Further he said rising prices of sugar is a big concern for the government.

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Along with the Food Minister our Prime Minister Man Mohan Singh in a meeting with the Indian Sugar Mills Association (ISMA) has also expressed concern regarding rising of sugar prices and their possible impact on consumer prices.

Stay Tuned for More updates :)

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Jaggery(Gur) – “The Medicinal Sugar” Part 1

Hello Friends here we come up with another write up on “Commodity Corner Series”.

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Jaggery(Gur) - "The Medicinal Sugar" Part 1

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Here we would touch upon the aspects related to the commodity “Jaggery” also termed as a “Gur”.

We would also read about how it is formed, what is the market scenario of this commodity, current price value and production volume of jiggery in India.


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Jaggery (Gur) is a coarse, unrefined sugar that has been made from sugar cane juice.

It is the natural mixture of sugar and molasses.

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Formation:


This is considered unrefined and is produced by boiling raw sugar cane or palm juice in iron pans.

It is then formed into blocks.


As it does not go through additional processing, it does retain some of the natural vitamins and minerals of the ingredients used, though boiling the juice does deplete some of these.

Many people do consider jaggery healthier than more refined sugar since it is less stripped of natural nutrients.


This may be eaten in small slices alone as a dessert, or it may be combined with spices to make a variety of Indian desserts and candies.

Jaggery is most often available in cake form, and ranges from fairly crumbly to nearly rock-hard.

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Market Scenario:


It is popular throughout southern and Southeast Asia.

Maharashtra is India’s largest producer and consumer of gur, with even a dedicated agricultural export zone.

Anakapalle is the biggest jaggery market yard in Andhra Pradesh and it caters to Orissa,West Bengal, Assam and other states besides Andhra Pradesh.

The major spot market is at the major terminal markets including Muzaffarnagar and Hapur.

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Price-production Factor:


In 2009, the journey of gur futures at the NCDEX counter started at Rs.750 and is now ruling at Rs. 1100 per quintal.

These surges in prices have been influenced by the high sugarcane rates.


In 2008-09 season, which ended in September, some gur-making units in UP have paid as high as Rs 250-260 a quintal for sugarcane compared to Rs 150-155 a quintal by sugar mills, as the cane production was lower in the state.


Steep fall in production in the northern markets such as Uttar Pradesh and also in the South Karnataka has contributed to the price rise here.

Even in the other markets in AP, such as Nidadavolu in West Godavari, production has fallen drastically.


Drought in the State and uncongenial climate in the northern States were some of the contributory factors to the steep fall in production.

The sugarcane yields in Visakhapatnam, Vizianagaram, and East Godavari districts had fallen due to drought conditions and the recovery was also poor this year.


The festival demand for jaggery is strong all over the country thanks to Pongal festival in Tamil Nadu and Makara Sankranti in the northern and western regions.

It is nearly 56% over last year, largely due to dip in sugarcane availability.


Farmers are selling more cane to gur-making units as they pay higher than sugar mills.

The production in India is expected increase to 8.2 million tonnes in the 2009-10 season on higher prices.

Gur price has outpaced sugar price and as a result more sugarcane would be diverted for making gur during the ensuing 2009-10 season (October-September).

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In next blog we would read about the Karnatka Govt initiative of setting up a Jaggery park at Mandya, the country’s fourth largest jaggery market.

Stay Tuned 🙂

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India’s Wealth Lies in Its Cities

It was once believed that India lives in its villages.

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Now it is clear that India’s wealth lies in its cities, or more specifically, Mumbai.

 

India's Wealth Lies in Its Cities

A study conducted by Delhi-based SMC Global classified companies geographically on the location of their registered offices.

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It reveals that Mumbai-registered companies account for 36.28% of the total BSE 500 market cap.

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Some of the prominent names based out of Mumbai are Reliance Industries, L&T, HDFC and SBI.

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Also, out of the market capitalisation ascribed to Maharashtra which has the highest market capitalization among the states — more than 90% originates from Mumbai.

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In fact, Mumbai and six other cities account for 85.71% of the total market capitalisation of BSE 500.

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With Delhi NCR (National Capital Region, which includes satellite cities such as Gurgaon and Noida along with the capital) contributing 27.82%.

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After the financial and political capitals, state capitals take the fore.

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Bangalore lays claim to 7.10%,

Hyderabad to 4.86% and Kolkata accounts for 3.83%,

while Ahmedabad and Chennai account for 3.35% and 2.47%, respectively.

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On a state-wide basis, five states in combination with Delhi NCR and Maharashtra account for 94.20% of the total market cap.

A total of 66.17% of the index’s market cap can be traced to Maharashtra and Delhi NCR.

While the latter accounts for 38.35%, Delhi accounts 27.82%.

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Karnataka accounts for 7.74%, Gujarat, 7.48%, Andhra Pradesh is at 4.95% and Tamil Nadu at 4.02%, while Bengal has 3.83%.

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Though the big Indian companies have a pan-India presence with factories or plants located across the country, they tend to have registered offices in metros.

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That is because of the ease of operations and presence of other corporate houses, suggested the study.

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“The traditional metro cities have accumulation advantage.

Its ultimately the money which brings in more money.

As the Indian economy keeps evolving, tier-2 and tier-3 cities may catchup gradually, to bring-in more equitable distribution of wealth across the country.”

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…said Jagannadham Thunuguntla, equity head at SMC Capitals.

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India May Import 3 Million Tonnes Sugar In 2010/11

Hello Friends here we come up with the Latest Major Agri-Commodities updates from various parts of the globe.

India May Import 3 Million Tonnes Sugar In 2010/11

India May Import 3 Million Tonnes Sugar In 2010/11

India, the world’s biggest consumer of sugar, may import 2.5-3 million tonnes of the sweetener in 2010/11 as domestic output is seen falling short of demand for a third straight year.

Raw sugar futures had rocketed to 28-½ year top on huge imports from the South Asian country, while whites hit a record earlier this year.

In 2009/10 season lower area and drought will keep India’s output at 15.3 million tonnes, a little more than last year’s output of 15 million tonnes, falling severely short of domestic consumption for a second straight year.

There is a margin of 200 rupees per quintal (100 kg) in imports.

So, provided the domestic prices remain firm, millers in Maharashtra would be interested in buying more raw sugar.

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In Other major Commodities Updates we can see that World coffee output may fall in 2009-10

World coffee output may fall in 2009-10: Trade body

Global coffee production during the 2009-10 crop year may dip below last year’s level of 128.1 million bags due to bad weather in top three growing countries — Brazil, Vietnam and Colombia, according to the International Coffee Organisation (ICO).

If production falls are confirmed, the global coffee exports are also expected to decline this year.

Production in Brazil, the world’s biggest coffee producer, is estimated to be 39 million tonnes in the 2009-10 season, against 45.99 million bags in a year ago.

ICO said, however, production is expected to rise in Asia, Africa and Central America.

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Mobile Number Portability Not Before Dec 31!

Mobile number portability not before Dec 31: DoT

The Government of India extended to December 31 implementation of mobile number portability, a facility allowing subscribers to retain their numbers even after changing service providers.

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However, the 100-day delay in the planned implementation of the MNP is credited to operators‘ inability to upgrade their network.

On top of that the delay on part of regulator TRAI to come out with tariff for the service.

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On the other hand, this required customization and upgradation of the existing network to be capable of providing the MNP service while certain technical and commercial issues related to it are also being resolved.

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Additionally, it is said that it requires considerable time and effort hence it has been decided by the Department of Telecom to extend the date of implementation of MNP in Metro Category A service areas to December 31, 2009 in the first phase.

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Moreover, it is said that the service is expected to be available by end of 2009 to begin with in Delhi, Mumbai, Kolkata, Maharashtra, Gujarat, Andhra Pradesh and Tamil Nadu.

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The Department of Telecommunications had issued guidelines for its implementation in the country in August last year.

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