Maharashtra witnessed a good monsoon rain this year favoring Sugarcane production, Sugar mills reported about 60 percent increase in Sugarcane crushing and a 56 percent jump in Sugar production over last year. According to the state government report Sugarcane crushing has risen to 16.65 million tons (mt) against previous season’s 10.41 mt. Sugar production increased to 15.49 million quintals from 9.91 million quintals registered last year. Sources in the State Co-operative Department said that last year due to the poor monsoon, only 138 Sugar mills were operating in December. But this year 171 mills are open. This year, however, the Sugar recovery factor is marginally lower at 9.31 per cent (9.52 per cent). Among the seven Sugar-producing regions of Maharashtra, Pune tops the list processing 6.61 mt of Sugarcane, followed by sugar mills in the Kolhapur region, which processed 3.85 mt of Sugarcane. But the Sugar recovery rate in Kolhapur is 10.34 percent the highest in the State. Sources added that due to drought-like conditions in 2015 and 2016, the area under Sugarcane was much lower. This year, higher acreage and good rainfall have boosted Sugarcane production
Open an accountOPEN AN ACCOUNT
Subscribe to newsletter
Request a call back
DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.