Indian Sugar Industry is the second largest in the world. It produces 25 to 32 million tonnes of sugar every year depends on rainfall and other factors. To overcome the seasonal shock, Central Government is planning to create a buffer stock of 3.0 million tonnes of sugar to help sugar mills to overcome the crisis of over production. The sugar mills are quite relieved as it will relieve them of the cost of holding, infrastructure, insurance and interest costs. The union government is also considering an incentive of Rs. 7.7 for every kg of sugar export to alleviate low global sugar prices.
Domestic Sugar demand is also growing at a CAGR of 3% every year, which is likely to reach a stage of demand exceeding supply. Further there is a rising demand of bioethanol, which the government wants to promote to bring down its costly crude imports.
News
Upper Doab Sugar Mills plans expansion programme
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Shri Gurudatt Sugars plans expansion programme
Harsha Sugars plans expansion programme at Saundatti
Sahyadri SSK plans expansion programme at Yeshwantnagar sugar mill
Here is a list of all sugar sector companies.
List of All Sugar Mills in India
Aakriti Food Pvt Ltd
Aakriti Sugar Mills Pvt Ltd
Aarkay Food Products Ltd
Aarti Extractions Pvt Ltd
Aayan Multitrade LLP
ABC Farms Pvt Ltd
Abhay Solvents Pvt Ltd
Abhishek Solvent Exts Ltd
Abhishek Sugar Mills
Abis Dairy Pvt Ltd