ICRA’s Post

Join ICRA for a comprehensive webinar on the Sugar Sector: Trends, Outlook & Challenges. Discover key insights and perspectives on the evolving sugar industry. Date: July 18, 2024 Time: 4:00 PM IST Register Now! https://lnkd.in/gSEBFa-U Discussion Agenda: - Domestic Sugar Demand-Supply Trends - Domestic and International Sugar Price Trends & Outlook - Assessment of Policy and Regulatory Developments - Progress & Outlook on Ethanol Blending - Rating Trends - Sector Outlook Esteemed Speakers: Mr. Vijay S Banka Managing Director, Dwarikesh Sugar Industries Ltd Limited Mr. Vivek M Pittie Director, HARINAGAR SUGAR MILLS LTD. Sugar Mills Limited Mr. Girishkumar Kadam Senior Vice President & Group Head - Corporate Ratings, ICRA Limited Mr. Vikram Reddy V Vice President & Co-Group Head - Corporate Ratings, ICRA Limited Ms. Menka Sabnani Senior Analyst - Corporate Ratings, ICRA Limited Don't miss out on the chance to engage with industry experts and deepen your understanding of the future trends in the sugar sector. #ICRA #ICRAEvents #ICRAWebinar #SugarIndustry #EthanolBlending

ICRA forecasts a 10% revenue growth for integrated sugar mills in India, driven by higher sales volumes and firm domestic sugar prices. The agency anticipates a decline in net sugar production in the upcoming sugar year due to expectation of higher diversion towards ethanol. Key monitorables in the near term include a policy clarity on allowing the extent of diversion to ethanol as well as the sugar exports. Girishkumar Kadam I The Economic Times #ICRAInNews #ICRAViews #SugarIndustry #RevenueGrowth #SugarPrices

"Takeaways from CNBC Awaaz Live Interview of Hemant Shah, Co-founder ChiniMandi & AgriMandi with Manisha Gupta & Deepali Rana: 1. The Government has allocated 15 LMT of sugar in the second tranche for monthly release mechanism in order to match the festival demand, validity 31st Oct 2023. 2. The international sugar market continues to be bullish on account of global sugar deficit at 3 MMT. 3. India is not export-ready yet due to lower sugar production in the country. 4. We don’t expect any Government decision on sugar export anytime soon. 5. I expect London White Sugar prices to increase to $ 820 from the current $720 levels. Likewise, raw sugar price is also likely to increase to $ 28.5 to 29 from $27.18 levels. 6. I expect the ethanol procurement price for the new ethanol supply season to rise by 3% which will be inline with the last increased in FRP for sugarcane by 2.6%. Government is likely to announce ethanol price hike on or before 31st October 2023" #NewsCoverage #Agrimandi #ChiniMandi #Breakingnews #CNBC https://lnkd.in/dd4idfws Uppal Shah HEMANT Shah Simita Manwani Parshwati Saha Salman Haider CNBC CNBC-TV18

Definitely the top news of the day. International sugar prices have a further upside to the current level. London White Sugar price is expected to increase to $820 vs $720 levels, and Raw Sugar price is expected to increase to $ 28.5.to 29 vs $27.18 levels. Back home, domestic ethanol prices are expected to rise by 3% only as compared to the general expectations of the sugar mills.  Listen in to the expert interview on CNBC-Awaaz. HEMANT Shah Agrimandi.live ChiniMandi.com

Dalmia Bharat Sugar and Industries Limited reported resilient financial performance amidst ban on export of sugar and limited diversion of sugar for ethanol production with PAT of Rs. 272 Crore in FY 24 representing increase of 9 per cent compared to FY23. Company reported net profit of Rs 93 crore for Q4FY224, falling 25% compared to the year-ago period. Read here ➡️ https://lnkd.in/dbzdtJwh #DalmiaBharatSugar #ResilientPerformance #SugarIndustry #FinancialResults #EthanolProduction #FY24 #Q4FY24 #ProfitGrowth #BusinessUpdates Manisha Gupta CNBC

Explore the Sugar Industry with Rahil Shaikh, MD of MEIR Commodities India Pvt. Ltd., exclusively on ET Now! Discover why an MSP hike is crucial as he delves into insightful updates and discusses the industry's pivotal meeting with the government. #Sugarupdates #meir

The sugar industry is pinning hopes on the new Government. They hope that the Government will revise the Minimum Selling Price (MSP) for sugar. The industry believes that, while the Government has established appropriate policy measures, the implementation of these policies has been inadequate. Additionally, the industry is advocating for a stable long-term policy on ethanol blending to support and encourage ethanol producers. They emphasize the need for a resilient policy framework that remains steadfast even in the face of challenges. ChiniMandi spoke to several sugar industry leaders and champions to gather their expectations from the new Government. Read more ➡ https://lnkd.in/gandfMpK #SugarIndustry #MSPRevision #ChiniMandi #GovernmentPolicy #EthanolBlending #StablePolicy #SugarLeaders #GovernmentExpectations #SugarMarket #EthanolProduction Deepak Ballani Indian Sugar & Bio-energy Manufacturers Association Prakash Naiknavare Sanjay Khatal BB Mehta Dalmia Bharat Sugar & Industries Limited Kiran Wadhwana Rahil Shaikh MEIR Commodities India Pvt. Ltd. Narendra Mohan Agrawal

Mr. Nirav Desai at ET Now channel said: Sun oil futures are crucial as it function as a dashboard, providing a hedging mechanism for edible oil industries and price trends for industries, farmers, and consumers. Today, Sun oil has transitioned from being a premium to popular oil, leading to increased consumption in India. Its market dynamics now follow global and domestic bullish or bearish factors. Several factors influence sun oil prices like 1- The ongoing Ukraine-Russia war situation and the state of the grain corridor plays an important l role in the supply dynamics.  2- It is crucial to pay attention on the import lineup, prices in southern India,. 3- Large quantities of sun oil are imported through southern ports ofs Chennai, Krishnapattanam, Manglore and JNPT. 4- The western region traders may refer to prices at Kandla port, but the primary basis for sun oil futures is Chennai port. Therefore the price trend in southern India becomes imperative. 5- The price difference between crude and refined sun oil, which is approximately Rs 55-60 per 10 kg.

Mudra is back with the chart analysis, for this week we present you the technical analysis of Dalmia Bharat Sugar and Industries Limited. Sweetening up your portfolio with some sugar industry stocks! 📈 Analysis: Recent developments in the sugar industry, such as higher global sugar prices, India's potential to become a green hydrogen hub, and the increasing demand for ethanol as a green fuel, are expected to boost sugar stocks. Additionally, government support and favourable weather conditions could also contribute to an increase in sugar production and stocks. We would appreciate your views on this in the comment section. Thanks and regards Mudra - The finance club Disclaimer - The analysis done is only for educational purposes. The club and college will not be responsible for the profit or losses arising out of the mentioned stock. #mudra #nmims #finance #IndustryInsights #GlobalSugar #Agribusiness #CommodityMarket #stockmarket Nikunj Maheshwari

🌐International Sugar Market Sentiment(15 Jan 2024) Stronger Brazilian output dragged global sugar prices Sugar futures prices in the global market weighing down on higher sugar output in Brazil. CS Brazil mills have produced 236 KMT of sugar in SH Dec, higher by 36%, totalling this season sugar production higher by 25.4% at 42.05 MMT. Furthermore, an expected increase in Thai production, as well as a partial recovery in production due to India's recent ethanol policy, are also weighing on the prices. Sugar futures ended the day at 20.61 cents per pound, a 0.7% decrease from the previous day. According to AgriMandi.live, Sugar prices are expected to range between 19.4 and 22.3 cents per pound in the coming days. 🌐For more details, write to us at [email protected] #india #sugar #research #brazil #sugarindustry #commoditiestrading #agrimandi