Page 13 - Sugar

Maharashtra imposes limits on sugar stocks

India, the world's biggest sugar consumer, is likely to become a net importer of the sweetener in 2016/17 due to drought

Sugar stocks under pressure; Balrampur Chini, Ugar Sugar down over 5%

Dalmia Bharat Sugar, Thiru Arooran, Balrampur Chini, Uttam Sugar and Oudh Sugar were down over 5% on the BSE

Govt may cut sugar import duty to cool prices

Retail sugar prices in past 2 months have crossed Rs 40 per kg due to 11% fall in domestic sugar output in ongoing 2015-16 season

Centre ends sugar export subsidy

The central government is to withdraw the production-linked subsidy of Rs 4.50 a quintal that it transfers directly into the bank account of sugarcane farmers on the condition that the mills to which they sell have exported 80 per cent of their prescribed quota of sugar. The mills also have to produce a certain level of ethanol. Ex-factory sugar prices have improved significantly in the past year, from Rs 23-24 a kg to a little over Rs 32 a kg. The move, some officials said, also means that mills would be discouraged from exporting, helping maintaining domestic supplies.Till date, as against a quota of 3.2 million tonnes, mills have managed to export around 1.5 mt. Earlier, the government of Maharashtra too had withdrawn an excise duty concession to encourage mills to export sugar from their allocated quota; however, it seems to not have yielded the desired results.Sugar prices in retail markets have risen by at least 50 per cent in the past few months, despite ample supplies, ...

Sweeter days ahead for sugar companies

Many cut losses as price stabilises at higher levels

Sugar output pegged at 25.1 mt: Report

The overall production in the country till end- April in the 2015-16 crop year was at 24.6 million tonnes, down 11% from a year earlier

Sugar prices strengthen on summer season demand

Marketmen said increased demand from stockists as well as bulk consumers, driven by ongoing summer season, mainly kept sugar prices higher

Sugar shares in focus; Andhra Sugars, Upper Ganges, Mawana Sugars hit 52-week highs

Upper Ganges, Andhra Sugars, Kakatiya Cement Sugar and Mawana Sugars are up 10% each on the BSE

Sugar rally takes a breather

With govt's indication on price control, stock prices have come off their peaks but realisations are expected to remain firm

India to revoke compulsory sugar export order: Officials

After back-to-back droughts look set to turn the country into a net importer by October.

Sakthi Sugars to issues equity shares worth Rs 61 crore to ARCIL

It will issue 2,26,35,757 equity shares of Rs 10 each

India likely to produce 23-24 MT of sugar in 2016-17

The federal government has asked state governments to impose stock limits on sugar to avoid hoarding by traders, Food Minister said

Cabinet allows states to levy stock limits on sugar

The government has taken stock of the availability of sugar and different factors contributing to rise in market prices of sugar across the country

India likely to become net importer of sugar in 2016-17

Back-to-back drought years threaten output

Centre empowers states to curb sugar prices

Prices fell four per cent on NCDEX after report on stock limits

Sugar prices cross Rs 40/kg; Centre to curb stock holding

Prices are rising on expectation of lower output, govt's order of mandatory export of 3.2 MT in 2015-16 marketing year (Oct-Sept)

Sugar futures down 2.64% on low demand

Due to lower demand in the spot market mainly kept pressure on sugar prices at futures trade.

Sugar output falls 8% to 24.34 mn tonnes during Oct-Apr

Production in Maharashtra, the country's leading sugar producing state, fell to 8.36 MT of sugar till April 15 of this marketing year from 9.96 MT in the year-ago

Uptick in demand lifts sugar futures by 0.79%

Commodity for delivery in May traded higher by Rs 25, or 0.71%

Sugar shares dip on profit booking

Oudh Sugar, Uttam Sugar, Kesar Enterprises, Upper Ganges, Dwarikesh Sugar and Simbhaoli Sugar down over 5% each.