Market Scenario of Sugar Industry in India
If it is about inclusive growth, sugar industry is amongst a few that has successfully contributed to the Indian economy across the vertical. The industry not only supports over 50 million farmers directly, but also generates employment for others involved in supply chain. Indian sugar industry is estimated to be $15 billion worth, where over 510 sugar mills operates which also produce Alcohol, green energy in addition to sugar.
Supply
India is second largest producer of Sugar in the world, with estimated production for 2017-18 seasons at 27.5 million tons (Sugar year is Oct to Sept). This shows a massive jump in production compared to last season production of 20.0 million tons, when central and southern Indian states cane crop suffered due to drought situation. Supply for the coming seasons is likely to stay healthy as better monsoonal rains have filled reservoir which act as major source of irrigation to the cane crop.
Demand
India is the biggest consumer of sugar in the world with around 20 kg per capita consumption annually. Country has been recording decent growth rate of ~ 2 percent in consumption during last decade. Although, demand took a hit during the last season, due to the demonetization and other tax related structural reform made by federal government. However, for the current season market estimates sugar consumption to grow to 25.0 million tons compared to last season consumption of 24.5 million tons. Additionally, there are currently no restriction for traders to hold sugar which can also lead to some stock building and helping to generate demand for the pipeline.
Current Issues
Esta historia es de la edición January - February 2018 de Business Of Agriculture.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January - February 2018 de Business Of Agriculture.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Internet Of Things Based Smart Farming: A Revolution On Its Way
In this technological era of smart cities and digitalisation of livelihoods, the primitive method of farming is slowly fading away.
Covid-19 Implications For Farmers, African Agriculture And Food Security
How will Africa ensure food security for its millions of poor citizens and smallholder farmers?
Covid-19 Impact On The Livelihood Of Small And Marginal Farmers
In India, small and marginal farmers account for 86.2 percent of all farmers (Agriculture census 2015 – 2016) and produce about 60 percent of farm goods.
Climate Change And Its Impact On Indian Agriculture
Climate change is caused by a change in the total amount of energy that is kept within the Earth’s atmosphere.
SafalFasal unlocks financial access for 75,000 Indian farmers, aims to repair Coronavirus-hit supply chain
Global digital payment solutions leader BPC and its SME Marketplace, SafalFasal, have supported more than 75,000Covid-hit farmers across India by offering technological and financial solutions to help the farm sector keep food and supply chain rolling, during and after the lockdown phase. The company has successfully extended formal financing to the farming industry by creating an easy credit line via NBFCs.
SECURING FARMERS WITH TECHNOLOGY: HOW AGRITECH CAN BE A SOLUTION TO FARMERS' PRODUCE-RELATED WOES
Contributing about 15 percent to India’s GDP, the agricultural sector sustains almost half the population of the country.
ISSUES AND PRIORITIES FOR INDIAN AGRICULTURE
Agriculture is the backbone of the Indian economy as 60 percent of the population depends directly or indirectly on agriculture.
THE IMPACT OF CORONAVIRUS ON THE AGRICULTURE SECTOR OF INDIA
As the world comes to a standstill and public life shuts down across the globe, all have their eyes on the healthcare systems which are buckled under the strain of the COVID-19 pandemic.
INDUSTRY 4.0 IN AGRICULTURE
At present, the world population is around 7.8 billion and expected to grow up to 8.5 billion in 2030, 9.7 billion in 2050 and 10.9 billion by 2100.
AN OVERVIEW OF THE OUTCOMES OF THE G-20 AGRICULTURE MINISTERS' MEETING
The international system works in a collective mechanism on certain issues wherein countries form groups to tackle an emergency or crisis.