Indian Sugar Mills Association (ISMA) has said that sugar output of India increased by 31 percent to 142.70 lakh tonnes in the first three-and-a-half months of the 2020-21 marketing year that started in October 2020. Sugar production in India, the world’s second-largest sugar-producing country, stood at 108.94 lakh tonnes till January 15 of the 2019-20 marketing year (October-September). ISMA has projected the sugar output to increase by 13 percent to 310 lakh tonnes in the 2020-21 marketing year on likely higher availability of sugarcane as against 274.2 lakh tonnes last year.
The industry body said the country’s sugar output is higher by 33.76 lakh tonne so far this year as compared to last year’s production for the corresponding period. As many as 487 sugar mills were in operation as against 440 in the said period. Sugar production in Uttar Pradesh, the country’s leading sugar producing state, remained slightly lower at 42.99 lakh tonnes till January 15 of this marketing year, as against 43.78 lakh tonne in the year-ago period because of reportedly lower cane yield and lower sugar recoveries in the state.
The output in Maharashtra, the country’s second-largest sugar-producing state, rose to 51.55 lakh tonne from 25.51 lakh tonne in the said period. Similarly, the production in Karnataka, the country’s third-largest sugar-producing state, increased to 29.80 lakh tonne till January 15 of this year from 21.90 lakh tonne in the year-ago period. Production reached 4.40 lakh tonne in Gujarat, 1.15 lakh tonne in Tamil Nadu, while remaining states of Andhra Pradesh & Telangana, Bihar, Uttarakhand, Punjab, Haryana and Madhya Pradesh, Chhattisgarh, Rajasthan, Odisha have collectively produced 12.81 lakh tonne of sugar till January 15 of this year.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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