AgroStar Krishi Gyaan
12 Jan 20, 01:00 PM
The possibility of an increase in the price of sugar
Kolhapur: There will be a shortage of 82 lakh tonnes of sugar in the international market this year. Australia's Rabo Bank, which has a huge export opportunity due to excess sugar, said in a report.
Sugar production in India, Thailand and the European Union has declined this year. In India, sugar production is expected to decline by about 21 percent due to drought, floods and heavy rainfall. The same is true of sugarcane production countries in the European Union, Thailand, Pakistan, China. Some countries have reduced sugar production due to non-tariffs.
As a result, the difference between demand and supply of chains in the international market will be around 82 lakh tonnes. This will give India the opportunity to finish the stock balance of sugar. Moreover, rising sugar prices will lead to higher sugar prices. Sugar factories can take advantage of this opportunity to export more sugar, which will help solve their financial problems. Also, they can be given FRP of sugarcane without demanding financial help.
References - Lokmat, 10th January
If you find this information helpful, click on the yellow thumb icon below the photo and share it with all your farmer friends through the option below!