Aarkstore Enterprise announced latest Market Research Report Titled " Sugar Industry In India 2018"
Market Insights
The Indian sugar market consists of 453 sugar mills, among which 252 mills operate in the co-operative sector, 134 mills operate in the private sector, and the remaining operate as public sector companies, for manufacturing sugar, ‘khandsari’ and ‘gur’.
Get 10% Discount on enterprise user license @https://www.aarkstore.com/food-beverages/1654543/sugar-industry-in-india
India has produced 415 MMTs (million metric tons) of sugar in MY 2018-2019, from an area of 5.2 Mn hectare, due to a good monsoon season, and availability of high-yielding cane varieties, especially in Uttar Pradesh and Maharashtra. Sugar production is expected to increase by 4.2% YoY in MY 2018-19 resulting to 33.8 MMTs. Sugar consumption is also likely to increase by 3.9% YoY in MY 2018-19, reaching the mark of 27.5 MMTs owing to growing population, higher income, and rising demand from wholesale buyers, the food processing industry, restaurants, and regular households.
Government Intervention
In India, there are several government initiatives which are trying to stabilize sugar prices, reduce cheaper imports, promote surplus stock clearance, improve the cash flow of sugar mills, ensure timely payment to farmers, and reduce sugarcane arrears. However, the Indian government sets the target for manufacturing sugar irrespective of the demand, thus leading to overproduction in the country. Moreover, dealers are not allowed to hold onto stock beyond 30 days thus compelling excessive sugar supply in the retail market. During 2017, monthly average domestic sugar prices stood at INR 35,733 per tonne, which declined significantly by ~16.2% in March 2018 due to surplus production.
Major players
Avadh Sugar & Energy Ltd.
Bajaj Hindusthan Sugar Ltd.
Balrampur Chini Mills Ltd.
DCM Shriram Industries Ltd.
Dhampur Sugar Mills Ltd.
E.I.D. Parry India Ltd.
Mawana Sugars Ltd.
Shree Renuka Sugars Ltd.
Triveni Engineering & Industries Ltd.
Upper Ganges Sugar & Industries Ltd.
About Aarkstore Enterprise
Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide. As market research report resellers, we at Aarkstore, partner with established publishers for both; syndicated data and customized reports. The market research data supplied by us is up-to-date and reliable for current day industry analysis and future market forecasts equally.
Avail Market Research Reports from us and gathers critical information about customer preferences, market requirements, key drivers and challenges for your business to align your strategies with them. The comprehensive overview of the market provided will allow you to make insight-driven decisions giving you an upper hand in the competitive landscape.
Category: Agriculture and Food Market Research
Aarkstore Enterprise
+91 9987295242 |
[email protected] | www.aarkstore.com