Sugar Industry

Sugar industry body ISMA seeks 5% GST on flex fuel vehicles in line with EVs

Flex fuel vehicles (FFVs) use a mix of petrol and ethanol at various degrees. India has achieved E10 (10 percent ethanol in petrol) and is targeting E20 by 2025.

FM statement on denatured ethyl alcohol confuses sugar barons

Sugar mills are ramping up their ethanol production capacity as India plans to blend petrol with 20 percent ethanol in an attempt to reduce its petrol import bill.

ISMA demands permission to export 80 lakh tonnes of sugar in 2022-23 marketing year

In May, the government had imposed restrictions on export of sugar beyond 100 lakh tonnes, but later allowed another 12 lakh tonnes of shipments, taking the total to 112 lakh tonnes for 2021-22.

Maha ethanol production likely to reach 140 crore litre next year: Sugar industry representative

Ethanol is a by-product of sugar mills and its production cycle is from December 1 to November 30.

NCP chief Sharad Pawar writes to PM Modi, seeks aid for crisis-hit sugar industry

Pawar noted that Modi -- even before the lockdown came into force in March-end -- had taken some "important" policy initiatives like MSP, export of sugar, buffer stock and interest subvention on capex for ethanol production duly supported by financial measures, seeing the key industry was faced with a crisis.

A better farmer-miller relationship can fetch higher prices for sugarcane: Report

"The complicated pricing mechanism has resulted in rising farmer dues. The miller alone cannot be held responsible for this," the report said.

Commodities@Moneycontrol: Roundup of key happenings in the market

Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters

How will the hike in FRP on sugarcane impact sugar industry?

FRP and MSP: Are the two rates contradictory or do they supplement each other in guaranteeing a fair price for farmers?

Sugar prices likely to remain firm in season 2017: Crisil

Sugar prices are likely to remain firm in sugar season 2017 (SS2017) because closing inventory is expected to be at an 8-year-low following a fall in production in Maharashtra and Karnataka, Crisil Ratings report said.

Balrampur Chini Q3 profit jumps two-fold to Rs 175.2 cr

Sugar firm Balrampur Chini Mills on Saturday reported an over two-fold jump in net profit at Rs 175.20 crore for the quarter ended December 2016.

Sugar mills body bats for lower sugar cess

In an interview to CNBC-TV18 Abinash Verma, DG, ISMA said the news is negative for the industry and that ISMA has requested the government to continue with both cess and SDF. He added it has also requested the government to revise the cess to a lower rate rather than scrapping it completely.

What‘s ailing sugar industry? Farmers allege conspiracy

Sugarcane farmers allege that the government and loss making sugar mills are hand in glove and all center and state government policies favour only the industry.

Modi pledges $70 million credit for Fiji sugar industry

Sugar was the mainstay of the island economy under British colonial rule before falling into disarray during decades of political upheaval and racial tension between the descendants of early cane field workers and indigenous Fijians.

Sugar stocks rally after govt ups import duty to 25%

In a bid to provide relief to the sugar industry, the government on Friday decided to increase import duty on the sweetener from 15 percent to 25 percent. The industry which owes Rs 15,000 crore to sugarcane growers, has been demanding an increase of 40 percent.

Muzaffarnagar riots lead to downfall of the sugar industry

The sugar cane economy of Shamli-Muzzaffarnagar belt has been badly hit by the complete breakdown of the social framework of the area. Such is the fear among the farmers that they don't want to return to fields even during the harvest season.

Govt may clear bailout package to sugar mills before X'mas

Food minister K V Thomas also expressed concern about the slump in domestic sugar prices that has not created cash flow and profitability issues for sugar mills but led to pendency of cane payments to growers.

Sugar mills officials' arrest may impact functioning: ISMA

Indian Sugar Mills Association's Abinash Verma fears that the standoff between the UP government and the sugar industry may affect the mills' functioning in the crushing season. Meanwhile, top officials from the industry have also been arrested allegedly without proper reasons.

Sugar cos call for export incentives to support surplus

Sugar companies say that the international market is unviable for export of products and the government should provide incentives to support it.

Operating profit for sugar companies to decline: CARE

CARE Research has come out with its report on sugar industry. According to the research firm, the sugar production cost of south and Maharashtra based sugar mills are expected to be at about Rs.28 per kg and Rs.27 per kg, respectively. Expect average sugar prices to remain range bound in Rs.33-34 per kg in SS2012-13, says CARE.

Outlook for sugar industry negative in SY2012-13: Magnum

Magnum has come out with its report on sugar sector. According to the research firm the sugar year 2012-13 seems to be negative for sugar industry as costs of sugar production in the year will be higher than 2012 due to increase in sugarcane costs by 16%-17% over the last season.