Sugar News

As BJP-Sena sweep Maharashtra, sugar mills turn saffron

10-Jun-2019

Once the stronghold of the Congress and NCP, the sugar sector in Maharashtra has changed hues, with the saffron alliance in the state making its mark firmly on the sector — the BJP-Shiv Sena alliance has sent more sugar barons as MPs to the Lok Sabha than the Congress-NCP combine.
 
Farmers who deal with sugar mills form an almost ready-made vote-base for millers. Thanks to the financial control they yield — whether directly or indirectly — a foray into the electoral arena is easy for the millers, given the almost assured vote bank of ...

UP to remain largest sugar producer in country- Minister

10-Jun-2019

Uttar Pradesh minister Suresh Rana said the state was all set to retain its position as the largest producer of sugar in the country.
 
Addressing a gathering in the three-day jaggery festival here, the cane development and sugar mills minister claimed that the state was also at the first position in the recovery of sugarcane.
 
Rana said the state government was taking every step to ensure full payment to the farmers for their crops. He assured jaggery producers of solving their problems and promote the industry.
 

Maharashtra's sugar mills have paid 94% of FRP to farmers this crushing season

07-Jun-2019

This is the first time almost all growers have received dues without delay, say experts
Maharashtra sugar mills have, by the end of crushing season, paid 94 per cent Fair and Remunerative Price (FRP) to sugarcane farmers. According to industry experts, this is the first time that farmers have received almost all the payment without any delay. Of the total payable FRP of ₹23,000 crore, mills have paid about ₹21, 604 crore to over 20 lakh cane growers in the State.
 
While the State has credited its policies, such as soft loans, ...

TN sugar sector cries out for a lifeline

06-Jun-2019

But the Centre’s ‘one-size-fits-all’ relief measures are pushing the industry deeper into the abyss
To say that the sugar sector in Tamil Nadu is in dire straits is an understatement. Almost all the 43 sugar companies in the State (25 in the private sector and balance in the co-operative/public sector) are steeped in losses.
 
Most of them have even turned non-performing assets (NPAs). Such is their financial woe that eight mills in the private sector and one in the public sector could not crush cane this season. Many more are unlikely to ...

UP opens Rs 500 crore revenue stream for beleaguered sugar mills

05-Jun-2019

The Uttar Pradesh government has opened an additional revenue stream of more than Rs 500 crore annually for sugar mills by deciding to fix floor price of molasses sold to distillers under the levy scheme.
 
Molasses, a sugarcane byproduct, is extracted during the process of sugar production and is used by distillers in the manufacturing of country liquor. Under levy, UP sugar mills are obligated to supply 12.5 per cent of their molasses stock to distillers/country liquor manufacturers.
 
“Last year, the distillers in UP had lifted levy molasses practically ...

Sugar industry pins hopes on Paswan for a sweetener as glut still looms

03-Jun-2019

With Ram Vilas Paswan taking charge as food, civil supplies and consumer affairs minister for another term, he will have to tackle the same problems faced by the sugar industry which he attempted to resolve a year ago.
 
This time, however, he will have to tackle them differently, that is, by being WTO compliant.
 
 
After a big package was announced in phases a year ago, excess sugar availability is still a constant.
 
Even the price at which mills sell the sweetener has been artificially ...

Sugar mill moves Gujarat HC over sales quota

29-May-2019

AHMEDABAD: A sugar mill from Vadodara has approached the Gujarat high court challenging the Centre’s decision to fix sugar sales quota and for permission to sell the sweetener so that it can pay dues to sugar cane farmers.
In response to the petition filed by the Vadodara District Cooperative Sugar Cane Growers Union Ltd, the high court issued a notice to the central government and the director of sugar earlier this month. On Monday, the Centre’s counsel appeared before the court, but the hearing on the issue was adjourned to June 6, said petitioner union’s advocate ...

Brown Sugar Market Positively Influencing Growth 2026

29-May-2019

Brown sugar also called as soft sugar is a granulated white sugar combined with pure cane molasses. The common brown sugar is produced from sugar cane or beet. The molasses amount decides the shade of the sugar in light or dark brown. The light brown sugar has around 3.5% of molasses by weight and the dark brown sugar has around 6.5% of molasses and yields deeper color and flavoring. India is one of the world’s largest producer of sugar cane. According to the United States Department of Agriculture (USDA), India’s sugarcane production in 2016/2017 was 309.98 MMT (million ...

EU Sugar Exports Nearly Halve This Season, Imports Witness Rising Trend

29-May-2019

EU sugar market is witnessing a tight activity. Cumulative exports of sugar so far for the season starting 1 October stand at 1.18 million tonnes, down sharply from the 2.43 million tonnes exported over the same period last season. On the other hand, the imports have also surged, with cumulative imports totalling 1.15 million tonnes compared to just 897000 tonnes in the same period last season.
...

Haryana govt releases Rs 350 crore for cooperative sugar mills to pay farmers' arrears

29-May-2019

The Haryana government has released Rs 350 crore to help cooperative sugar mills pay the arrears of sugarcane farmers for the crushing season 2018-19, Minister of State for Cooperation Manish Grover said here Tuesday.
 
He said of the total amount released, Rs 39 crore, Rs 39.50 crore and Rs 26.50 crore have been given to cooperative sugar mills in Panipat, Rohtak and Karnal respectively.
 
Rs 35.50 crore and Rs 38 crore have been released to cooperative sugar mills in Sonipat and Jind respectively.
 
Similarly, Rs ...

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