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A growing worry within the textile industry is also about consumption declining in America due to higher prices of imported products which would directly impact India's export growth despite having a competitive edge on tariffs over other countries.
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The world's second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on Sept. 30, due to a likely drop in production.
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Several industrial areas and mill lands in the Capital have given way to premium residential projects. Developers say affordable housing can come up and reduce migration to NCR towns, provided conversion charges are reduced and infrastructure is improved
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All of them are in the non-small scale industry. At the end of June, 682 textile mills were closed in the country, she said during the Question Hour. Of them, 232 mills were in Tamil Nadu while 85 were in Maharashtra and 60 in Uttar Pradesh.
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Giving state-wise production data, ISMA said sugar output in Maharashtra fell to 31.43 lakh tonnes till January 15 of the 2016-17 marketing year from 43.79 lakh tonnes in the corresponding period of the previous year.
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A drop in production could lift local prices and prompt the world's second-biggest consumer to allow duty-free imports of the sweetener, supporting global prices that are trading near their highest level in 1-1/2 months.
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Marketmen said a steep fall in sweetener prices was mostly due to to reduced offtake by bulk consumers including confectioners and soft-drink makers following end of festive season.
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Demand has been weak but in Q2 and Q3 of the year -- as the festival season comes -- Niraj Shirgaokar, MD of Ugar Sugar Works expect the demand to pick up, which will lead to price increase.
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Marketmen said persistent buying by stockists and bulk consumers such as soft-drink and ice-cream makers, mainly pushed up sweetener prices.
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Mills have so far paid 92 percent of their cane dues to farmers in the 2015/16 marketing year ending on Sept. 30, it said in a statement.
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Cane arrears had touched Rs 21,000 crore in April of the 2014-15 sugar season (October-September) as sugar prices were subdued due to surplus sugar production for last five years.
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"India will need to import next year due to a production shortfall," Ashok Jain, president of the Bombay Sugar Merchants Association (BSMA), told Reuters.
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Steel output rose 2.9 percent from a year ago, beating market expectations, although total output in the first quarter was down 3.2 percent at 192.01 million tonnes, according to data from the National Bureau of Statistics.
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Sugar production in India, the world's second-largest producer and biggest consumer, stood at 103.82 lakh tonnes in the same period of 2014-15 marketing year (October-September).
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Prime Minister Narendra Modi's government is encouraging mills in the world's No. 2 producer to raise exports to as much as 4 million tonnes this marketing year to cut both local stocks and cane dues to farmers in big states such as Uttar Pradesh and Maharashtra.
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The government has specified targets for individual mills based on their average production in the last three years, a statement said.
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Of the 70-80 mills that supplied to Nestle, atleast 50 have been shut down, impacting 500 workers.
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Chennai-based developers have started buying out defunct factories, mills and industrial land to launch premium and luxury housing.
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The world's second-biggest sugar producer is likely to export mere 700,000 to 800,000 tonnes of the sweetener in the current season ending September despite producing nearly 28 million tonnes, the Indian Sugar Mills Association said in a statement.
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Hike in sugarcane prices would increase input costs and in turn would increase cost of sugar production, says Abinash Verma, DG, ISMA.
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The mill owners are willing to pay Rs 225 for a quintal of sugar. The state government has advised a price of Rs 280, difference of Rs 55, the sugar business feels can be met either by way of a direct subsidy by the UP government or through a couple of other options.
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This is not the first time the UP sugar industry has sparred with the government on the issue of cane pricing. During BSP supremo Mayawati's tenure, mill owners had moved the Allahabad High Court challenging the State Advised Price (SAP) for the 2010-11 crushing season.
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Around 25 new saw mills have been sanctioned in Maharashtra in violation of a Supreme Court order prohibiting sanction of new mills in view of depleting forest cover in the state, according to Forest Department sources.
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M Manickam, MD, Sakthi Sugars, say that he expects action on levy removal and release mechanism in next 15 days. A reform in cane pricing is a key, but it is unlikely in the near term.
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India is considering imposing a tax on sugar exports and dropping a 10% import duty to help curb overseas sales and keep a lid on domestic prices as a drought threatens farm output, government sources said on Tuesday.
