Business

ISMA Reporting: Sugar Industry’s Stock Levels Adequate with Optimistic Production Forecast

Published

1 year ago

March 20, 2025

On Tuesday, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) announced that the country has an ample supply of sugar for the ongoing 2024-25 sugar season, ensuring stability in the market. With an anticipated closing stock of 54 lakh tons by September 30, 2025, ISMA forecasts that India’s sugar reserves will be more than sufficient to meet local demand.

As of March 15, India has produced around 238 lakh tons of sugar, with about 200 sugar mills (38% of the total) still active. In Uttar Pradesh, nearly 75% of the mills are operational, and improved cane recovery rates are expected to extend the crushing season into April. While Maharashtra and Karnataka have faced lower cane yields, some mills in Karnataka are anticipated to resume operations during a special season in June/July 2025, with Tamil Nadu mills also set to operate during this time, contributing to the overall sugar production, according to ISMA’s report.

After a comprehensive review by its executive committee on March 12, ISMA revised its net sugar production estimate to 264 lakh tons, accounting for 35 lakh tons diverted for ethanol production. The association reassured stakeholders that despite some regional output reductions, sugar availability will meet domestic needs comfortably.

Looking ahead to the 2025-26 season, ISMA is optimistic thanks to favorable weather conditions and improved planting strategies. The upcoming 2024 monsoon has positively impacted cane planting, especially in Maharashtra and Karnataka, which is expected to facilitate an on-time start for the crushing season in October 2025. Efforts to introduce new cane varieties in Uttar Pradesh and other northern states are already yielding encouraging results, which should enhance yields and recovery rates next season.

ISMA further noted that the Indian government’s recent decision to permit the export of 10 lakh tons of sugar for the current season has greatly benefited the industry. This initiative has helped balance domestic sugar stocks and provided financial relief to millers, allowing for timely payments to cane farmers, thereby positively impacting around 5.5 crore farmers and their families.

By mid-March 2025, approximately 80% of the sugarcane payments for the current season have been cleared, a significant increase from 69% by mid-January 2024. Moreover, 99.9% of payment for the 2023-24 season has been settled, further enhancing financial stability for farmers.

The export opportunity has also acted as a financial cushion for the industry, crucially aiding in stabilizing domestic prices and managing inflation while allowing mills to handle operational costs more effectively. Additionally, sugar exports are projected to contribute around Rs 4,500 crore to India’s foreign exchange reserves, bolstering the nation’s economy and improving the trade balance, as indicated in the statement.

Business

Overseas Loans by Indian Firms See Sharp Decline

Published

14 hours ago

May 17, 2026

Namma Kudla

Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

3 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.