Page 3 - Sugar Mills

Govt announces incentive for mills exporting sugar, diverting it to ethanol

The Centre on Thursday announced an incentive for sugar mills in the form of an additional domestic sales quota to those that export sugar and divert the commodity towards ethanol making

Sugar rally could help India to export 6 million tonnes without subsidy

New Delhi is expected to withdraw sugar export subsidies from the new season as a sharp rise in prices makes it easier for Indian mills to sell on the world market, a govt official said

Indian mills gear up to make raw sugar for export as global prices rally

Strong demand for raw sugar as Brazil's output drops; traders so far sign contracts to export 725,000 tonnes of sugar

India exports 4.75 mn tonnes of sugar so far this year: Trade body

The sugar marketing year runs from October to September.

Huge air pollution caused by sugar mills across Uttar Pradesh: NGT

The National Green Tribunal has directed the UP pollution control board (UPPCB) to undertake a special drive for remedial measures.

Explained: How sugar sector shrugged off its bitter cyclical nature

Data shows that in the 10-year period from 2010-11 to 2020-21, India's annual sugar production exceeded domestic consumption in all the years, except 2016-17

Exports, ethanol boost to increase sugar mill margins up to 100 bps: Report

This comes amid high exports for the second consecutive season and increased supplies of ethanol for blending with petrol: report

Balrampur Chini Mills Q4 consolidated profit down 2.46% at Rs 235.50 cr

Balrampur Chini Mills on Tuesday reported a 2.46 per cent decline in consolidated profit during the quarter ending March 31, at Rs 235.50 crore compared to the same period of the last financial year

Indian mills sign sugar export deals without government subsidy

Mills have so far contracted around 5.8 million tonnes of sugar out of the export allocation of 6 million tonnes

Sugar stocks trading weak on subsidy squeeze may be an anomaly

The combined market capitalisation (m-cap) of the country's top 15 sugar manufacturers was down 2.8 per cent on average on Friday

India contracts for 5.6 mn tonne sugar export in 2020-21 marketing season

India has contracted to export 56 lakh tonne sugar so far in the ongoing 2020-21 marketing season, and is expected to conclude deals for shipment of the rest 4,00,000 tonne soon, says trade body AISTA

India's October-February sugar output jumps 20%, few mills close early

A few mills closed operations ahead of normal schedule, a trade body said on Wednesday

Export subsidy to expand margins of sugar mills, says Crisil

The Centre's export subsidy for the October-September sugar season 2020-21 (SS21) will help sustain the commodity's exports at almost last year's level, Crisil said

Govt rules out reducing minimum sugarcane price for sugar mills

Union Food Minister Piyush Goyal urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies

Top headlines: HDFC Q2 profit tanks 28%, factory output hits decade high

From NIIF foraying into road and highway sector to HDFC Q2 profit declining, Business Standard brings you top news of the evening

Mills across India want people to consume more sugar: Here is why

Consumption in India has stagnated at 19 kilograms per capita per year compared with a global average of 23 kilograms

UP slaps recovery notices on Bajaj Hindusthan, Modi Group sugar mills

At present, Rs 7,500 crore cane dues are outstanding as many as 94 on UP private millers

UP sugar mills to raise Rs 3,650 cr from banks to pay cane farmers

In coming season, the state's sugar output is pegged at 12.3 million tonnes

Sugar mills owe nearly Rs 13,000 cr for FY20 season to cane farmers: Govt

Sugar mills owed nearly Rs 13,000 crore to cane farmers as on September 11 for the crop procured during 2019-20 marketing season that started October last year, Parliament was informed on Tuesday. "Out of total cane dues payable of Rs 75,585 crore for sugar season 2019-20 as on September 11, 2020, about Rs 62,591 crore have been paid to the sugarcane farmers & only Rs 12,994 crores cane dues are yet to be paid," Minister of State for food and consumer affairs Danve Raosaheb Dadarao said in a written reply to the Lok Sabha. The sugar mills also owe Rs 548 crore for 2018-19 marketing season (October-September), Rs 242 crore for 2017-18 and Rs 1,899 crore for 2016-17 and earlier, taking the total outstanding amount to Rs 15,683 crore. As per the information received from the Uttar Pradesh government, out of total cane dues payable of Rs 5,339 crore by Bajaj group against their 14 mills for sugar season 2019-20, an amount of Rs 2,378 crore has been paid to sugarcane farmers and Rs ...

Why sugar farmers remain under the stress of mounting payment dues

Cost-price mismatch is only part of the story; lack of working capital for mills and delay in release of subsidy add to the strain in the entire system