Food Minister Pralhad Joshi said the government is considering increasing ethanol prices, raising minimum selling price (MSP) of sugar, and reviewing sugar exports for the 2024-25 season. Regarding sugar exports, the government will take a decision after looking into next year's production and availability of sugar. A committee of secretaries is deliberating on a proposal to increase the minimum selling price of sugar, which has remained unchanged at Rs 31 per kg since February 2019.
Sugar production for the 2024-25 season starting October, citing favourable monsoon conditions. Ethanol prices, set by the government, have not been raised since the 2022-23 ethanol supply year (November-October). Current rates of ethanol produced from cane juice, B-Heavy molasses, and C-Heavy molasses are Rs 65.61, Rs 60.73 and Rs 56.28 per litre, respectively. the introduction of sugar MSP in 2018 has significantly reduced cane dues to farmers, with about 99 per cent of Rs 1.14 lakh crore paid.
India’s sugarcane cultivation area has increased by 18 per cent to 6 million hectares in the last decade, with production up 40 per cent to 491 million tonne. ISMA has projected gross sugar output at 33.9 million tonne in the 2024-25 season (October-September) with upward revision looking into good monsoon. With diversion of 4-4.5 million tonne for ethanol production and a closing stock of 8.3 million tonne, there will be 2 million tonne available for exports in the 2024-25 season.
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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