EID Sugar Business

Price (*/MT) 1000 1100 1298 1000 1391 1120 14,692 11,517 9,988 6,698 5,258 5,341 1080 1285 1450 1250 1700 1350 Sugarcane price significantly higher than competitive crops PARRYS 1310 1400 2100 1450 1360 2200 2009-10 2010-11 2011-12 2012-13 2015-16 2016-17 2017-18 2018-19 2013-14 2014-15 ■Paddy Wheat Sugarcane ■ Estimated profitability per acre by crop (average land holding by farmer is ~ 1 acre) 25,464 1,345 Rice Jowar Bajra Maize Wheat Barley Ragi Gram Lentil Tur Moong Urad Sugarcane Source: CACP, Ministry of Agriculture, Agmarknet, CEIC, CMIE, Axis Capital estimates 19,285 17,633 17,880 14 7,336 murugappa 16,260 1410 1525 2300 1470 1625 2300 1550 1735 2550 1750 1840 2750

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