The sugar stock market update

Sugar industry is a big business in India. Around 525 mills produced more than 30 million tonnes of sugar in the last crushing season, which lasted from October to April. This makes it the world’s largest producer, unseating Brazil. Some 50 million farmers and millions of more workers are involved in sugarcane farming. India is the world’s largest consumer of sugar. According to data from the Indian Sugar Mills Association, the country’s sugar mills produce 268.21 lakh (26,821,000) tonnes of sugar between October 1, 2019 and May 31, 2020. Sugar stocks were trading higher on 4th february

Sugar cane is a very important input for making sugar . When production of sugarcane increases, sugar production also increases. Sugar cane’s production increased from 110 million tonnes in 1961 to 405 million tonnes in 2019. Sugar cane is grown from 2413 thousand hectare in 1961 to 5061 thousand hectare in 2019. Production quality for sugar cane is also increased. Production quantity improved from 45 tonnes/hectare to 80 tonnes/hectare.