Do More With Reuters
Partner Services

UPDATE 1-India's Maharashtra to begin cane crushing from Oct 15

Tue Aug 26, 2008 6:19pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Updates with quotes, details)

MUMBAI, Aug 26 (Reuters) - India's western state of Maharashtra, the country's largest sugar producer, will start cane crushing from Oct. 15 for the year ending September 2009, a senior trade official told Reuters on Tuesday.

The trade was expecting crushing in Maharashtra to begin from Nov. 1.

Sugar millers, after a meeting with the state minister's committee earlier in the day, have decided to start crushing from Oct. 15, Balasaheb Patil, chairman, Maharashtra State Co-Operative Sugar Factories Federation Ltd (MSCSFF), said.

The state had decided to start crushing from Oct. 1 for the year ending September 2008, but could not begin it due to monsoons. Large scale crushing could only begin in November.

A slight delay in cane crushing in the year begining Oct 1 is keeping in mind lower cane availability due to shrinking acreage.

The state government has also banned sales of sugarcane produced in the state to mills in other states, especially neighbourng Karnataka.

"The move has become necessary keeping in mind less cane availability," Prakash Naiknavare, managing director of MSCSFF, said.

The mills in the state are forecast to crush 45 million tonnes to 50 million tonnes of cane to produce 5.2 million tonnes to 5.7 million tonnes of sugar in the year ending Sept 2009, Naiknavare said.  Continued...

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article