Page 9 - Sugar

South India might face sugar deficit this season due to lower output

Traders insist on meeting shortage through supply from other states

Sugar could remain subsidised for poor families

To support the poor, the Central government is expected to continue with subsidized sale of sugar to over 2.5 crore Antodaya Anna Yojana (AAY) families bearing a financial burden of around Rs 550 crore per year.Officials said the finance ministry seems to be amiable to a suggestion from the ministry of food for continuation of sugar subsidy for AAY families as they are amongst the poorest of the poor. A formal cabinet note could be prepared soon.The Centre had scrapped the subsidy on sugar amounting to Rs 4,500 crore in 2017-18 Union Budget. The subsidy was granted to enable states distribute cheap sugar to below poverty line families. The explanation for scrapping the subsidy was that after implementation of National Food Security Act (NFSA), the APL-BPL bifurcation got diminished and states were unable to provide details of extent of sugar subsidy that they incurred on BPL families. This lead to allegation of diversion of subsidy. The government annually distributes around 2.7 ...

Not so sweet

A year of lower production and Isma's revised projections kept prices firm

Why Paswan is unhappy with sugar producer's association

Food Minister Ram Vilas Paswan yesterday said that the lower estimates of production provided by the trade body Indian Sugar Mills Association (ISMA) are 'misleading' and country has enough stock of sugar and no import is required. However his anger against Indian Sugar Mills Association was unusual as so far government has been dealing with this industry body softly.An official aware of the reason for Paswan's anger said that ISMA's final production estimates have been coming 10-12 per cent lower than initial estimates and that was impacting policy decisions. However, despite his anger ISMA is happy to hear from him that "no plan to cut import duty on the sweetener at least in the near term and India has ample stock of sugar."ISMA last season 2015-16 had said in the beginning of the season that production will be 28 million tons which ultimately was 25.12 million tons and this season also it ultimately cut production estimate from 23 million tons to 20.3 million tons. Minister's ...

Sugar stocks extend gain; Dhampur, Mawana Sugars hit 52-week highs

Thiru Arooran, Dhampur Sugars, Uttam Sugar and Oudh Sugar Mills were up more than 3% each.

Sugar stocks in focus; Dhampur, Dwarikesh, Oudh Sugar up over 5%

Dhampur Sugar, Parrys Sugar, Dwarikesh Sugar and Oudh Sugar have rallied by up to 11% on the BSE.

Sweet '17 for sugar companies

Record profit due to bumper crop in Uttar Pradesh, price spike

Sugar price hangs on output in India

Global supplies will outpace demand by about 1 to 3 mt in 2017-18

Sugar mills making more from molasses

With ethanol prices fixed, mills sell to liquor firms

Sugar price hits the highest in Mumbai on lower release

According to trade sources, a handful of traders stored a large quantity of sugar during lean season

Dhampur Sugar, Balrampur Chini, Dwarikesh Sugar hit 52-week highs

Kesar Enterprises, Uttam Sugar, Triveni Engg, Mawana Sugars, and Dwarikesh Sugars were up over 5% each

Centre lifts subsidy on distribution of sugar via PDS, onus now on states

Overall subsidy burden on the government would go up marginally by 5% in 2017-18

Import duty cut a risk to sugar rally

Last week, Isma reduced its production assessment for the ongoing sugar season to 21.3 mt

Over a third of Maharashtra's sugar mills shut on lower cane availability

Sugar output in the state down 28% to 3.14 mn tonnes as of Jan 15; wholesale prices surge 5%

Big sugar's secret ally? Nutritionists

All foods supply calories and there is no difference between calories that come from sugar

Sugar price hits 7-year high on higher demand from stockists

Industry estimates India's sugar production to be 23.5 million tonnes this year

8 sugar stocks hit 52-week high

Balrampur Chini, DCM Shriram, Dhampur Sugar, EID Parry, Dwarikesh Sugar, KM Sugar and Triveni Engg hit 52-week highs.

Sugar shares extend gain; Dwarikesh Sugar, Dhampur Sugar hit 52-week high

Oudh Sugar, Dhampur Speciality, Thiru Arooran, Upper Ganges, Ugar Sugar and Mawana Sugars were up 5%-7%.

Govt to have sufficient sugar; no plans to cut import duty

The import duty on sugar at present is 40% and no overseas purchase is taking place

Sugar output to be lower than expected as drought hits crops

In the past two years, back-to-back droughts have ravaged the cane crop in Maharashtra