India contracts to export 50,000 tonnes sugar, first major deal in months
Indian sugar mills have contracted to export 50,000 tonnes of white sugar to Sri Lanka, Myanmar, Afghanistan and Turkmenistan at USD 340-USD 345 a tonne, free on board, trade sources said, the first major deal in the past few months.
Jun 19, 2015, 20:02 PM IST
Sweet gains for sugar stocks; shares surge up to 13%
Sugar stocks were in limelight Wednesday, surging up to 13 percent, after the government approved Rs 6,000 crore interest-free loan to sugar mills to help them partly clear cane price arrears to farmers.
Jun 10, 2015, 18:54 PM IST
CCEA okays Rs 6,000 crore interest-free loan to sugar mills
The government on Wednesday approved Rs 6,000 crore interest-free loan to sugar mills to help them partly clear cane price arrears to farmers that have touched about Rs 21,000 crore.
Jun 10, 2015, 15:02 PM IST
Cabinet approves Rs 6,000 crore interest-free loan to sugar mills
The Union Cabinet on Wednesday approved Rs 6,000 crore interest-free loan to sugar mills for making payments to cane farmers.
Jun 10, 2015, 12:19 PM IST
HC orders payment of 75% of sugarcane farmers' dues by July 15
The Allahabad High Court today directed Uttar Pradesh government to ensure that sugarcane growers in the state were paid 75 per cent of their dues by July 15 and that legal action was taken against Directors of those sugar mills which failed to pay up in compliance with the order.
May 28, 2015, 00:04 AM IST
ISMA wants govt to buy surplus sugar stock to end crisis
Government's decision to hike import duty on sugar and remove excise duty on ethanol will help millers only in the long run and it should buy 10 percent of the sweetener produced this year to help clear cane arrears, sugar industry body ISMA said on Wednesday.
Apr 29, 2015, 18:06 PM IST
CCEA okays hike in sugar import duty to 40%
The Centre had in August last year hiked the import duty on both raw and refined sugar to 25 percent from 15 percent.
Apr 29, 2015, 15:42 PM IST
Govt hikes import duty on sugar to 40% from 25%
Sugar production of India, the world's second largest producer, is estimated to be higher than the domestic consumption for the fifth year in a row this season.
Apr 29, 2015, 14:07 PM IST
'25% of debt-ridden sugar mills unlikely to operate next year'
Sugar industry apex body ISMA today said that about 25 per cent of over 500 mills in the country may not be in a position to start crushing operations next marketing year starting October 2015 due to huge debt and banks' reluctance to provide fresh loan.
Apr 15, 2015, 19:18 PM IST
Food ministry for hiking import duty on sugar to 40%
The Food ministry would recommend a hike in import duty on sugar to 40 percent from the current 25 percent to check sliding price of the sweetener and enable mills to clear mounting cane arrears that has reached almost Rs 20,000 crore so far.
Apr 15, 2015, 17:30 PM IST
Govt could consider white sugar export incentive: Paswan
India could consider giving cash-strapped sugar companies an incentive to export white, or refined, sugar as long as mills agree to pay dues they owe to millions of cane growers, Food Minister Ram Vilas Paswan said on Wednesday.
Apr 08, 2015, 15:08 PM IST
'Price mismatch worries sugar industry'
Mismatch in the prices of cane and white sugar is causing severe loss to the factories resulting in huge arrears to farmers by the mill owners, says a top official of a sugar company.
Mar 23, 2015, 18:36 PM IST
Sugar mills say exports not viable unless prices rise 10%
Sugar mills will be unable to sign any major export deals despite recent government incentives if prices do not rise about 10 percent to 14.4 cents per pound, a top industry official said.
Mar 13, 2015, 15:25 PM IST
Sugar mills make distress sales to pay farmers
Without any government incentive, Indian sugar is uncompetitive in world markets well supplied by low-cost producers Brazil and Thailand.
Feb 11, 2015, 10:59 AM IST
Food Ministry for extending sugar export subsidy for 1.4 million tonnes
The Food Ministry is in favour of extending export subsidy for only 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.
Jan 28, 2015, 22:02 PM IST
Maharashtra seeks extension of subsidy on raw sugar exports
Maharashtra Chief Minister Devendra Fadnavis on Saturday met Union Food Minister Ram Vilas Paswan and sought extension of subsidy on raw sugar exports and hike in import duty on the sweetener to 40 percent to help cash-starved mills clear cane arrears to farmers.
Jan 17, 2015, 13:38 PM IST
Govt considering higher sugar export subsidy of Rs 4,000/tonne
The government is considering extending subsidy on raw sugar exports for the ongoing marketing year 2014-15 by giving a higher incentive of Rs 4,000 per tonne to cash-starved mills.
Jan 08, 2015, 18:08 PM IST
Sugar output in Oct-Dec rises by 27.3%: ISMA
Sugar output stood at 5.86 million tonnes in the October-December period of the 2013-14 season. Sugar season runs from October to September.
Jan 05, 2015, 14:47 PM IST
Sweet sugar turns bitter for mill owners in 2014
Sugar remained sweet for consumers this year but turned bitter for mill owners who faced huge losses estimated at over Rs 3,000 crore and struggled to make payments to cane farmers due to sluggish sales realisation.
Dec 25, 2014, 15:31 PM IST
Govt open to extending export subsidy to UP sugar mills: Paswan
Food Minister Ram Vilas Paswan made it clear to mill owners that threats are not the right way to solve problems because farmers have other options and they do not have.
Oct 08, 2014, 13:12 PM IST