Sugar News

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

13-Nov-2018

India's sugar exports have come to a standstill after a sharp fall in prices in the last two weeks.
 
Raw sugar prices in the benchmark Chicago Mercantile Exchange (CME) for near-month delivery declined by 4 per cent on Monday, trading at cents 12.80 /lb. The decline translates into Rs 1,000 a tonne of fall in Indian denominations which makes a big difference in exporters’ realisation. Following reports of exports becoming unviable, refined sugar (M30) has declined by 2.5 per cent to trade on Monday at Rs 33,100 a tonne in Vashi wholesale market in ...

Sugar- Lower output is good for prices but can turn into risk

12-Nov-2018

The tide seems to have turned in favour of sugar producers. In July, India’s sugar output for the new season (which starts in October) was predicted at 35-35.5 million tonnes (mt), 10% higher than the previous year’s bumper crop. Good rains and a higher area under cane cultivation contributed to this outlook. The problem of plenty saw the government announce a slew of measures to support industry, so that farmers’ cane arrears were cleared.
 
But a few months down the road, dry weather and pest infestation have changed estimates. The Indian Sugar Mills Association, ...

Crisis resolved in Kolhapur, sugar mills to start crushing cane

12-Nov-2018

The crisis in the cane belt of Kolhapur over the first installment payment amount came to an end on Saturday, after sugar millers and farmers’ representatives held discussions and agreed on a solution. The Swabhimani Shetkari Sanghatana, an organisation representing the farmers, has agreed to accept the Fair and Remunerative Price (FRP) as the first installment payment, paving the way for the beginning of crushing season.
 
Officially, the cane crushing season in the state had started on October 20, but only 65 mills had started their operations. Mills in Western Maharashtra had ceased ...

Sangli sugar mills to decide on cane crushing within 2 days

02-Nov-2018

Nov 1, 2018 
 
Kolhapur: Sugar mill owners in Sangli district will meet in couple of days to take decision regarding halting of sugarcane crushing till the government provides financial assistance.
Sugar mills in Kolhapur district have already decided to stop crushing till government provides financial aid. Mansingrao Naik, chairman of Vishwasrao Naik co-operative sugar mill, said, “We will soon conduct a meeting and will take decision about stopping cane crushing.”
He added, “In Kolhapur hardly one or two mills had started crushing hence it was easy for them to take ...

New Delhi seeks duty-free sugar export facility to Dhaka

02-Nov-2018

Commerce Minister Tofail Ahmed yesterday said India wants duty free market access facility for sugar in Bangladesh market under the South Asian Free Trade Area (SAFTA) agreement.
 
The minister told journalists after a meeting with the visiting Indian Food and Public Distribution Secretary Ravikant at his secretariat office.
 
“As a least developed country, we enjoy duty and quota free market access in India under the SAFTA  pact . As a result, Bangladesh export to India increased in recent years,”   said Tofail Ahmed. 
 
To protect the local ...

South Maharashtra sugar mills will not operate as farmer organisations demand more money

01-Nov-2018

Pune: Some sugar mills in south Maharashtra have decided not to begin sugarcane crushing as farmers have demanded more money for this season’s crop, beyond what is considered as fair and remunerative prices (FRP). 
 
While this will delay the production in the new season, output per tonne of cane could still be higher as sugar recovery is more for crop harvested in November than in October. 
 
Mills from the Kolhapur region are awaiting clarity over crop prices. The Swabhimani Shetkari Sangathana, a farmers’ association, has announced that it will not ...

Sugar mills hit sweet spot with export subsidy

31-Oct-2018


Global output fall will also help firm prices
 
October 30, 2018

Sugar mills in India have hit a sweet spot with the government export subsidy to bring down inventory and signs of firming international prices after the recent cut in global production estimates to 187 million tonnes (mt) for theyear 2018-19 against 203 mt logged in the previous year.
 
The global sugar output this year is almost equal to consumption of 186 mt, though the carry-forward stock of 16 mt will limit any sharp spike ...

Can't begin cane crushing before mid-November - Pilibhit sugar mills

31-Oct-2018

PILHIBIT: Sugar mills in the district have failed to comply with state government’s order to begin crushing from October 25. The administration had issued orders for commencing sugarcane crushing early this season in view of 12% to 14% increase in area under cane cultivation in the state.
The four sugar mills in the district have indicated that they will not be able to begin operations before mid-November. This delay is likely to affect the interests of 1,96.139 sugarcane growers in the district.
The sugar mill officials made their position clear about starting crushing at ...

Clear FRP dues and then crush - Maharashtra farmers to sugar mills

31-Oct-2018

Nearly 20 sugar factories in the state still owe farmers Fair and Remunerative Price (FRP) dues to the tune of Rs 125 crore and their crushing licenses for the season of 2018-19 have been withheld by the State Sugar Commissionerate.
 
Farmer representatives of the Cane Control Board have urged the Sugar Commissioner not to grant crushing licenses to these factories for the new season. In a representation to the Commissioner, the farmers demanded that once the new season starts, the old dues are forgotten and ignored by these millers who withhold information from the ...

Private sugar mills to only pay cane price fixed by Centre, not Punjab

31-Oct-2018

JALANDHAR: The Punjab government may face fresh trouble at hands of private sugar mills, which process around 70% cane in the state. Millers have said they would only pay fair and remunerative price (FRP) fixed by the Union government to farmers, instead of the Punjab government’s state-advised price (SAP).
Millers said the state government, if it wanted to go ahead with SAP, could pay the remaining amount over the FRP. FRP has been fixed at Rs 275 per quintal this year, while Punjab government had announced an SAP of Rs 310 per quintal last year. The ...

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