Commodity Outlook – Sugar

Sowing period (Sugarcane): September to January
Harvesting period (Sugarcane): February to April
Crop season: Kharif

Key growing regions:

  1. Uttar Pradesh – Aligarh, Muzaffarnagar, Ghaziabad, Lakhimpur
  2. Maharashtra – Kolhapur, Pune, Ahmednagar, Aurangabad, Nanded, Amaravati, Nagpur
  3. Karnataka – Belgaum, Bagalkot, Bijapur, Mandya, Mysore, Chamrajnagar, Bidar
  4. Tamil Nadu – Modak, Attur, Gullapuram, Sankarapuram, Arantangi

Production trend and Stock position:

  • As per the Ministry of Agriculture second advance estimate released on February 24, 2021, Sugarcane production for FY 2020-21 was 3,976.57 lakh metric tonne (LMT) compared to FY 2019-20 which was 3,705 LMT, up by 7.33 percent.
  • The Government had announced 17 LMT of monthly Sugar quota for February 2020-21
sugarcane

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s winter season till February 24, 2021 is below Long Period Average (LPA) by 30 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

sugar
sugarcane plant
sugar cane

Market commentary: Price outlook

  • Sugar market prices are likely to trade weak to steady and within range in immediate / short term
  • Fair and remunerative price (FRP) of Sugarcane for 2020-21 is ₹ 285 per quintal compared to ₹ 275 per quintal in 2019-20 which is up by 3.64 percent.

More Articles for You

Weekly Cotton Report

Current Market Developments: Cotton prices continue to trade firm as supplies are limited against higher consumption demand in spot markets. …

Healthy Tips for Healthy Soybean

Soybean is a short-day plant requiring hot weather for optimum production. They are adapted to grow in many soils (pH …

Weekly Soybean Report

As depicted in the adjacent chart Soybean prices in major trading centers have cooled off on higher availability against subdued …

Weekly Maize Report

Current Market Developments: During this week, Maize prices in most of the spot markets have declined tracking subdued demand in …

Go-to Guide for Good Groundnuts

Groundnuts are a popular food source worldwide, consumed either as peanut butter or groundnut oil or simply as a confectionary …

Weekly Wheat Report

Key Market Developments: During the week, Wheat prices in most of the spot markets of Delhi, Uttar Pradesh, Madhya Pradesh, …

WhatsApp Connect With Us