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Order tastes bitter for sugar mills

Sep 07, 2014 at 10:27 | Source: Calcutta Telegraph News

Lucknow, Sept. 6: Uttar Pradesh sugar mill owners are in a spot as the Allahabad high court has set an October 31 deadline for them to pay up the dues of cane farmers. In a verdict yesterday, the court directed the Uttar Pradesh government to sell t...

UP mills give assurance to Centre on cane arrears payment

Jun 28, 2014 at 12:37 | Source: Economic Times

NEW DELHI: Sugar mills in Uttar Pradesh today gave an assurance that they will utilise incentives offered by the Centre, including interest-free loans, to clear dues to farmers that stands at nearly Rs 7,000 crore now. Earlier this week, the governme...

Wilmar expands sugar reach with Shree Renuka deal

Feb 21, 2014 at 04:45 | Source: FirstPost

MUMBAI/NEW YORK (Reuters) - Singapore's Wilmar International (WLIL.SI) said on Thursday it has agreed to invest up to $145 million for a major stake in Shree Renuka Sugars (SRES.NS), which will give a sugar upstart a foothold in the biggest consuming...

Rising inventories put pressure on sugar

Jan 08, 2014 at 03:57 | Source: The Hindu BusinessLine

The sugar market continued to rule weak as producers continued to sell at low prices on Tuesday. Spot prices on the Vashi wholesale market dropped by Rs 10 and Rs 24 a quintal on the higher side for both medium and small varieties. On the lower side...

Cabinet approves norms for Rs7,200-cr aid package for sugar industry

Dec 26, 2013 at 19:17 | Source: DomainB

The Cabinet Committee on Economic Affairs (CCEA) today approved the guidelines for financial assistance to the sugar industry for payment of cane price arrears. A panel of ministers headed by Sharad Pawar had, early this month, recommended interest-...

Sugar unlikely to fall further

Dec 26, 2013 at 00:42 | Source: The Hindu BusinessLine

The sugar market ruled flat at naka and mill level, while prices dropped by Rs 5-20 a quintal for old stocks on Tuesday. Due to Christmas holiday, the volume was lower as banks were closed. Activities were need-based in the physical market with supp...

Sugar remains quiet on little buying

Dec 07, 2013 at 21:07 | Source: The Hindu BusinessLine

There was no change in the pattern of trading in the wholesale sugar market at national capital on Saturday as prices moved in a tight range on small buying.Marketmen said small buying against ample position of stocks in the markets mainly kept swee...

Pawar panel recommends Rs7,200-cr interest-free loans to sugar mills to clear cane dues

Dec 07, 2013 at 20:17 | Source: DomainB

A panel of ministers headed by Sharad Pawar on Friday recommended interest-free bank loans of Rs7,200 crore to bail out the sugar industry from its present liquidity crunch and help clear dues to sugarcane growers. Prime minister Manmohan Singh had ...

Bulk buyers stay away from sugar market

Dec 03, 2013 at 21:37 | Source: The Hindu BusinessLine

Sugar prices ruled steady on Tuesday in absence of positive cues in the market amid routine local demand. Prices dropped by Rs 4 at the higher end at naka and mill level, barring a few mills which sold lower by Rs 10-20 for M-grade. In the futures m...

Stockists sell old sugar stocks cheap

Nov 25, 2013 at 21:27 | Source: The Hindu BusinessLine

Sugar prices on the Vashi wholesale market declined by Rs 10-15 a quintal on Monday. Stockists offloaded old stocks at lower rates as demand eased. Activities at Naka remained routine keeping prices unchanged. Mills sold sugar lower by Rs 5-10. Frei...

No signs of recovery yet in sugar market

Nov 14, 2013 at 22:57 | Source: The Hindu BusinessLine

Sugar prices on the Vashi market ruled steady on Thursday. Weak demand after Diwali and increased selling pressure continued to drag prices, which fell by Rs 10-15 a quintal at mill level. Naka rates were unchanged for the sixth consecutive day with...

Stockists keep away from sugar market

Nov 11, 2013 at 22:27 | Source: The Hindu BusinessLine

Sugar prices on the Vashi wholesale market increased by Rs 20 for S-grade at the lower-end and declined by Rs 4 for M-grade on Monday on routine activities amid need-based buying. As sufficient stock is available in the market, stockists kept away f...

Mills’ tussle with farmers may hit sugar exports

Oct 25, 2013 at 20:32 | Source: The Hindu BusinessLine

Sugar prices on the Vashi wholesale market ruled steady for the third consecutive day with minor changes on Friday. In the spot, prices declined by Rs 3 for S-grade on the higher side while it increased by Rs 9 for M-grade on the lower side. Naka an...

Fire in Brazilian port of Santos burns tonnes of raw sugar

Oct 19, 2013 at 07:17 | Source: BBC

A fire in Brazil's largest port has burnt some 180,000 tonnes of raw sugar, damaging six warehouses and pushing international prices to a one-year high. The authorities in the port of Santos said it took six hours to bring the fire under control...

Phailin impact: ‘Rice supply, exports will not be hit’

Oct 14, 2013 at 21:17 | Source: The Hindu BusinessLine

Cyclone 'Phailin' that ravaged the crops in Odisha and Andhra Pradesh will not hit the domestic supply of rice or its exports, Food Minister K.V. Thomas said today. The cyclonic storm had hit the coastal areas of Odisha and Andhra Pradesh yesterday....

Sugar ends quiet on small buying

Sep 15, 2013 at 04:02 | Source: The Hindu BusinessLine

Quiet conditions developed on the wholesale sugar market here on Saturday as prices continued to be asked on previous levels in the absence of any worthwhile moving factors.Marketmen said sporadic buying support against adequate stocks position main...

Sugar output pegged at 24.8 MT in 2012-13: Thomas

Aug 27, 2013 at 20:46 | Source: FirstPost

New Delhi: Sugar production in India is expected to decline by 10.8 percent to 24.8 million tonnes (MT) in the current sugar marketing season, which will end next month, Parliament was informed today. India had produced 25.8 million tonne of the swee...

Stockists stay away from sugar market

Aug 22, 2013 at 21:57 | Source: The Hindu BusinessLine

Sugar prices on the Vashi wholesale spot market increased by Rs 6 a quintal for bold variety M-grade, while S-grade ruled unchanged on Thursday. Naka and mill tender rates ruled steady on routine demand. Continuous supply from mills kept stockists a...

Falling rupee may lend support to sugar exports

Aug 17, 2013 at 04:17 | Source: The Hindu BusinessLine

Spot prices in the Vashi wholesale sugar market increased by Rs 3 for fine variety M-grade while S-grade rule steady on Friday. In Naka trade, M-grade bold variety sold at Rs 5-10 higher while S-grade was sold at Rs 5-10 lower. Mill tender rates wer...

Firm global prices brighten prospects for sugar exports

Aug 14, 2013 at 23:32 | Source: The Hindu BusinessLine

The firming trend in global sugar prices, coupled with a weakening rupee, seems to have brightened the prospects for resumption of exports from the country. The sugar market in London has breached the technical resistance of $500-a-tonne and in New ...

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