As on December 31, 2016, Maharashtra sugar mills have produced of sugar have been produced 25.25 lakh tonnes sugar as against 33.70 lakh tonnes produced during the corresponding period last season.
“The government is sitting on huge stocks of chana, even when the next harvest is just round the corner,“ said a prominent dal miller, who did not want to be identified.
Higher output in the two states and from non-traditional areas like Odisha may push down prices by 30%.
In the past two years, the Basmati rice industry has been under financial stress on account of excess paddy supply and weak international demand.
India is expected to produce 115 lakh tonnes soyabean in 2016-17 as versus 69.9 lakh tonnes in the previous year.
Sunflower oil accounts for about 9-10% of the total edible oil consumption of India. More than 90% of the sunflower oil requirement is met through imports, mainly from Eastern Europe.
"This is uncommon. Sunflower oil has always been more expensive than the soyabean oil," said Davish Jain, president, Soyabean Processors Association of India (SOPA).
With this decision by the Center, the responsibility of protecting the environment and taking care of its implementation will be on Municipal Corporations.
Sugar production of Uttar Pradesh, the second largest sugar producer, during this period, has been doubled up, according to industry body Indian Sugar Mills Association.
ISMA in its earlier estimates projected that sugar sales in the current 2016-17 SS would be around 255 lakh tonnes, as against 248 lac tons despatched in 2015-16 SS.
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