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In the first one-and- half-month period of 2012-13 marketing year that started from October, the sugar production stood at 9.84 lakh tonnes, as per the report compiled by Indian Sugar Mills Association (ISMA). The report highlights that mills have produced two lakh tonnes more sugar as the production stood at 7.76 lakh tonne in the same period a year-ago.
This higher production is mainly due to higher crushing in mills in the state of Karnataka. So far this year the sugar mills in Karnataka have already produced 4.20 lakh tonnes of sugar compared to 2.37 lakh tonnes in the same period last year.
Across the country only 178 mills had started crushing operations compared to 215 mills in the year-ago period, as on November 15, 2012. Of which 93 mills were under operation in the country’s largest sugar producing state, Maharashtra, instead of 95 mills in the last year, while in Karnataka state, 49 mills had started crushing operation against 48 in the year-ago period.
On the other hand in Uttar Pradesh, the country’s second biggest sugar producing state, only three mills were operating against 43 sugar mills in the same period last year. The delay in crushing operation was mainly because of Diwali festival.
For the current marketing year, ISMA has anticipated that the country’s total sugar output would stand at 240 lakh tonnes against 260 lakh tonnes in 2011-12.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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