Indian sugar mills association

FY19 will be tough on sugar sector: Pawar

Date:	27 Dec 2017

Source:	The Economic Times

Reporter:	Jayashree Bhosale

News ID:	27807

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PUNE: India is likely to harvest a record sugarcane crop next year making it a difficult year for the sugar industry, said Sharad Pawar, the grand old man of Maharashtra's sugar industry.

After two consecutive years of scant sugar production, industry has been anticipating a bumper crop in 2018-19, driven mainly by good price for sugarcane and better availability of water. Though private industry body Indian Sugar Mills Association had said that it was too early to talk about next year's sugar production as much of the plantation is yet to take place, sugar prices have been on a downward spiral due to the possibility of a big crop next year.

"There will be huge sugar production in the next year in both Uttar Pradesh and Maharashtra. Some districts of Maharashtra like Solapur could even reap a record crop. The industry has to start planning for it right from now," said Pawar in Pune.

"The factories will have to be ready to run a longer crushing season, we may have to begin crushing operations early if we do not want to let any cane remain without crushing. The mills will have to reduce the cost of operations," said Pawar.

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