Sugar Mills

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Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

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India has allowed sugar mills to export only 6.1 million tonnes of the sweetener in the current season and, out of that, mills have already contracted to export 5.7 million tonnes

Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1

BJP MP Varun Gandhi has asked sugar mills to clear dues they owe to farmers or be ready to face protests. At a public function in Arsiaboj village in Baheri assembly segment, which falls under his parliamentary constituency of Pilibhit, Gandhi said if sugar mills don't start paying dues to farmers immediately, a protest meet by cane-growers will be organised at their gates. He named two sugar mills in particular. He also raised questions over the unemployment scenario in the country. "One crore government posts are lying vacant, the government should fill these posts. We are ready to help," he said. The farmers also told the MP that stray animals were harming their crops. Gandhi responded by saying the government and the administration should solve this problem soon. He also said he was getting many complaints of police torture.

The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly

India's approval came late on Saturday for the export of 6 million tonnes of sugar in the 2022/2023 marketing year that started on Oct 1

"The Directorate General of Foreign Trade (DGFT) has already notified to extend the inclusion of sugar exports under the 'Restricted' category up to October 31, 2023," the ministry said.

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year

The apex sugar body has urged the govt to not experiment with a new export system

In India, the Central government determines the quantity of sugar that each mill can sell in the domestic market each month which keeps on changing depending upon the demand-supply matrix.

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

Sugar mills have already exported nearly 10 million tonnes so far -- an all-time high -- in the current marketing year. The industry has been demanding that the export cap should be enhanced.

The decision will benefit around 50 mn sugarcane farmers and their dependents, as well as about 500,000 workers employed in sugar mills and related ancillary activities

Punjab Agriculture Minister Kuldeep Singh Dhaliwal directed officials to sell the property of a sugar mill to make pending payments to the cane growers

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices

ISMA ups 2021-22 sugar production estimate to a record 36 million tonnes