Page 7 - Sugar

India's sugar exports hit by falling prices; govt offers transport subsidy

Sugar price declines 4% in the world and 2.5% in India in two weeks; Maharashtra seek incentives on tradable quantity from Uttar Pradesh mills.

Sugar stocks gain in weak market; Balrampur Chini, Dhampur Sugar up over 8%

Balrampur Chini, Dalmia Bharat Sugar, Dhampur Sugar, Uttam Sugar, Dwarikesh Sugar and Thiru Arooran were up in the range of 5% to 13% on the BSE, as compared to 0.45% decline in Sensex at 01:24 PM.

Sugar output seen falling to 31.5 mn tonnes in 2018-19, lower than 2017-18

Closing stock at the end of the year will still be very high despite improvement in exports

At 32 MT, India's sugar output may remain below prior forecast for 2018-19

The sugar output is now seen at 32 million tonnes for the season that began on Oct. 1, down from its previous forecast of 35-35.5 million tonnes

Sugar exporters to meet on Monday to evolve strategies to boost exports

The government has already announced several incentives in the past few months to allow sugar mills get rid of surplus stocks

Global sugar supply to see 710,000-tonne deficit in 2018-19: Report

Mills in Brazil have sharply turned to ethanol production to take advantage of better financial returns than those seen in sugar sales

Grub infestation: Farmers latest headache is fixing India's sugar problem

NFCSF has lowered its production forecast for the 2018/19 crop year to 32.4 million tonnes, including 9.7 million tonnes for Maharashtra

Sugar stocks extend rally; Uttam Sugar, Dwarikesh jump over 40% in one week

Thiru Arooran Sugars, Dwarikesh Sugar Industries, Uttam Sugar Mills, Dalmia Bharat Sugar and Industries and Ponni Sugars (Erode) were up in the range of 14% to 20% on Monday.

Sugar stocks in focus; Uttam Sugar, Dwarikesh, Dhampur Sugar surge over 10%

Thiru Arooran Sugars, KCP Sugar & Industries and Bajaj Hindustan Sugar were up more than 10% as compared to 0.21% decline in the S&P BSE Sensex at 11:13 am.

Sugar muddle

The sector must undergo market reform

Sugar mills to face borrowing woes as banks keep sector on 'caution list'

Lenders have been conservative in sanctioning limits for the crushing season 2018-19

India's sugar output is expected to reach a record 35-35.5 million tonnes

The production in Maharashtra is pegged higher at 11-11.5 million tonnes against 10.71 million tonnes

Uttar Pradesh govt asks sugar mills to pay Rs 123 bn dues in 15 days

In the current season, that is 2017-18, UP's sugar production was around 12 mt on the back of higher production and a rise in recovery ratio of 10.87%

After brief surge, sugar prices on decline again

With the average cost of production around Rs 3,600 a quintal, mills say their losses will widen

GST panel examines alternatives on sugar cess; here's all you need to know

While GST is a key revenue generator, it should not be used as a tool to alleviate sector/commodity related issues, as that would lead to significant changes in the GST structure

New MSP at RS 29/kg for sugar mills still not enough for cane arrears

The current year is expected to end with a closing stock of 10 mt, even if mills export a million tonnes. The estimate for a year later is a possible sugar surplus of 17-18 mt

Govt's sugar bailout package to clear 40% of Rs 220 bn cane arrears: Crisil

With the supply surplus situation anticipated to continue in SS 2019 as well, a further build up in arrears cannot be ruled out

Centre okays Rs 70 billion sugar package, MSP set at Rs 29 per kg

CCEA also announces creation of a buffer stock of 3 million tonnes for one year, which will be at an estimated expenditure of Rs 11.75 billion

Govt plans to build stockpile of 3 mn tonnes sugar to prop up prices

Local sugar prices have dropped to their lowest in 28 months,

Govt may announce a package of almost Rs 80 bn to bail out sugar sector

This will be in addition to the financial assistance of Rs 5.50 per quintal of sugarcane announced a few weeks ago, costing over Rs 15 billion