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107 sugar mills started sugarcane crushing operations for 2026-27 marketing year: ISMA

27-Oct-2026 16:45 Hrs IST

Asserting that India has sufficient sugar stocks to meet festive demand, Indian Sugar & Bio-Energy Manufacturers Association (ISMA) said that 107 sugar mills have so far started sugarcane crushing operations for the 2026-27 marketing year, which started this month. It said the timely commencement of operations reflects preparedness by the industry, farmers and state administrations, alongside the progressive availability of sugarcane for crushing. India's domestic sugar demand is estimated at 280-285 lakh tonne annually. ISMA said the 2026-27 sugar season has started on schedule across the country's major sugar-producing states, with over 100 sugar mills commencing crushing operations across Maharashtra, Uttar Pradesh, Tamil Nadu and Gujarat. In Maharashtra, close to 87 mills have commenced operations. More mills are expected to start in the coming weeks as cane harvesting gathers pace.In Uttar Pradesh, crushing has begun, with two mills already operational. The crushing in Western Uttar Pradesh is expected to begin in the next three to four days, followed by Central Uttar Pradesh shortly thereafter and Eastern Uttar Pradesh as the cane matures in the region. ISMA noted that the previous sugar marketing year 2025-26, ended with about 36 lakh tonne of closing stocks. As of October 25, 2026, sugar production stood at 4 lakh tonne, compared with around 0.6 lakh tonne on the corresponding date last year.

Crude oil futures decline on profit booking

27-Oct-2026 16:42 Hrs IST

Crude oil futures declined on MCX amid profit taking, alongside renewed diplomatic engagement in Tehran that has temporarily eased global supply disruption fears.The contract for November delivery was trading at Rs 9600.00, down by 1.27% or Rs 123.00 from its previous closing of Rs 9723.00. The open interest of the contract stood at 14561 lots.The contract for December delivery was trading at Rs 9457.00, down by 1.15% or Rs 110.00 from its previous closing of Rs 9567.00. The open interest of the contract stood at 4245 lots on MCX.

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