Sugar output to touch all time high of 28.3 MT
India's sugar production is estimated to touch all time high of 28.3 million tonnes (MT) in the ongoing marketing year, 2014-15, as mills have already manufactured 27.95 MT so far.
Jun 03, 2015, 22:33 PM IST
Sugar output up 16%; cane arrears cross Rs 21,000 cr
India's sugar production rose by 16 percent to 27.84 million tonnes (MT) till May 15 of the current marketing year that started in October last year, resulting in sweetener's low prices and huge cane arrears to farmers at over Rs 21,000 crore.
May 18, 2015, 18:11 PM IST
Pawar raises woes of sugar industry with PM
Worried at cane arrears to farmers mounting to Rs 21,000 crore, NCP chief and former Agriculture Minister Sharad Pawar Monday led a delegation to Prime Minister Narendra Modi demanding that the Centre create sugar buffer stock to bail out cash-starved mills.
May 11, 2015, 21:12 PM IST
Govt shelves duty free import scheme for raw sugar
The scheme has been withdrawn also to prevent leakages in domestic markets.
May 02, 2015, 18:52 PM 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
Govt relaxes norms for sugar exports to EU, US
With government relaxing norms, any trader or entity can export sugar to the European Union and the US under quota systems, which entitles shipments to enjoy low tariff.
Apr 28, 2015, 19:44 PM IST
Sugar output up 15% so far in 2014-15; prices at 7-year low
India's sugar production rose by 15 percent to 26.35 million tonnes so far during the current marketing year, resulting in fall of ex-factory prices to seven-year low and a surge in cane arrears to nearly Rs 20,000 crore.
Apr 16, 2015, 18:34 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 stocks see sweet gains on CCEA's nod to export subsidy
Sugar stocks on Friday gained up to 3.2 percent after the government approved subsidy on export of up to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.
Feb 20, 2015, 18:04 PM IST
CCEA approves export subsidy on raw sugar for up to 1.4 mn tn
The government Thursday approved subsidy on export of up to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year, a move that would boost millers' cash-flow and enable them to clear mounting sugarcane price arrears that have crossed Rs 12,000 crore.
Feb 19, 2015, 22:23 PM IST
CCEA may take up sugar export subsidy issue today
The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Thursday a proposal to extend export subsidy to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.
Feb 19, 2015, 08:48 AM IST
CCEA may take up sugar export subsidy issue Thursday
The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Thursday a proposal to extend export subsidy to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.
Feb 18, 2015, 16:01 PM IST
Bajaj Hindusthan Sugar's Q3 net loss narrows to Rs 280.84 cr
Bajaj Hindusthan Sugar today reported narrowing of its standalone net loss for the quarter to December at Rs 280.84 crore, hit by lower sweetener and higher cane prices.
Feb 12, 2015, 20:17 PM IST
Food Minister favours sugar export subsidy for upto 1.4 million tonnes
Food Minister Ram Vilas Paswan on Wednesday said his ministry is in favour of extending export subsidy to only 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.
Feb 11, 2015, 14:09 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
