India Sugar Season 2014 - 15 Outlook

India's new sugar season has started (or yet to be started??).... On papers Oct-Sep is typical cycle though this time it seems to be getting delayed... Reason.. there are are multiple

1. Huge carryover stocks (close to 11 million MTs) which is highest ever.

2. Good Monsoon.. Good Sowing.. Better cane availability

3. Cane Pricing (The most critical point).. while there is decontrol on sugar sale but sugarcane prices are still driven by states based on there political needs. State Advised Price (SAP) is playing key role in delay in start of production. UP farmers are expecting close to 3000/mts and unfortunately Sugar Millers are realizing close to Rs. 29 per kg.

there may be other minor factors like no consent between UP Millers, drought in TN State etc etc. But fact of the matter is that despite delay in production prices are still under pressure and supplies are abandoned. 

Will keep posting new updates on India Sugar scenario... also starting on Edible Oil and Rice soon...