Sugar Mills

While the season is still on, the mills have cleared 87 per cent of the total cane payment of Rs 90,000 crore till March 31 of the 2023-24 season, the official said.

Chart of the Day: What a steep hike in sugarcane FRP means for sugar mills and investors

All eyes will turn to the South West monsoon and whether it can ensure a bumper cane crop for the new sugar season

Sugar production likely to be on a downslide in 2023-24: Industry

The downslide in sugar production is expected on account of less rainfall this monsoon which has led to lesser sugarcane plantations.

Chart of the Day | Sugar mills find themselves in a sticky spot

Global sugar prices have swung in tune with a change in the industry’s outlook. Domestic mills face a tough time as higher than expected output is likely at a time of lower prices

Centre directs sugar mills, traders to submit May-Aug sales report by Sep 12

The Consumer affairs ministry has also said that it is collecting data of sugar stocks sold to traders and wholesale dealers other than sugar mills.

Sugar mills export 37.75 lakh tonnes of sweetener till March 9 of 2022-23 marketing year ending September

Mills have exported a total of 37,75,684 tonnes of sugar between October 1, 2022 and March 9 of the 2022-23 marketing year

Indian sugar mills to close early as weather dents cane supply - govt official

Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and allowing rivals Brazil and Thailand to increase their shipments.

Varun Gandhi says sugar mills should clear farmers' dues or face protest

At a public function in Arsiaboj village in Baheri assembly segment, which falls under his parliamentary constituency of Pilibhit, Gandhi said if sugar mills don't start paying dues to farmers immediately, a protest meet by cane-growers will be organised at their gates.

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More sugar export could be allowed after assessing domestic production: Food Ministry

A food ministry notification issued on November 5 said export quota of 6 million tonne has been permitted from November 1 till May 31, 2023 with an option for millers to export on their own or through exporters or swap with domestic sale quota.

Sharp jump in cane costs poses challenge for sugar stocks

Central cane price rises by 5 percent, highest since FY19. Softening of international sugar prices means mills will need government support to tide over higher costs

Government soon to notify 1.2 MT of additional sugar exports this season

This additional quota would be over and above 10 MT of sugar exports allowed for the current 2021-22 season.

Stringent export cap for new sugar season raises risk quotient

News reports say the government is lowering the amount of sugar that can be exported in the new sugar season. Mills won’t be happy

Centre approves sugar export applications of 62 mills totaling 10 Lakh MT

Between June 1-June 3, it received 326 applications from sugar mills and exporters requesting for issuance of Export Release Orders (ERO) for a quantity of 23,10,333 metric tons. These applications were received via the National Single Window System.

Sugar export cap raises policy red flag for sugar mills

The government’s export cap may seem a puzzle when you consider plentiful sugar output but not when you dig deeper. More importantly, what does this mean for the ethanol business?

Falling raw sugar prices a red flag for sugar mills

A stable domestic market situation and continuing government support for ethanol are supporting factors

Some state govts not issuing bank guarantees to sugar mills linked to Oppn parties: Amit Shah

Ahmednagar district holds the distinction of setting up Asia's first cooperative sugar mill, which is managed by Congress-turned-BJP MLA Radhakrishna Vikhe Patil at present.

Rising sugar prices should benefit mills, but policy changes could pose an obstacle

Global sugar prices have risen sharply and are set to rise further. While mills are expected to benefit, unexpected changes to government support measures could pose a risk

Government's ethanol push prompts sugar mills to raise production

"The mills this year have decided to produce certain quantity of ethanol to be sold in the domestic market. It means that there will not be any glut of sugar in the market. There will be limited surplus stock of it this year," Maharashtra Sugar Commissioner Shekhar Gaikwad said.

Sugar mills can submit ethanol proposals in new window till October 15: Govt

As part of an incentive scheme announced in June 2018, the Centre had approved soft loans for mills to set up new distilleries or upgrade existing ones, expand capacity, and encourage them to divert sugarcane to ethanol making.

Sugar mills are in for a good fiscal but for one risk

A healthy growth in sugar output is forecast in 2020-21, assuring mills a good fiscal year as long as the industry’s support system stays intact

Sugar mill owners rejoice as Centre lifts ban on export of alcohol-based hand sanitisers

Sugar mills had started bulk production of alcohol-based hand sanitisers after the nationwide lockdown imposed to contain the spread of the novel coronavirus had hit sugar demand in the country.

Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre

Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.

Sugar mills yet to clear Rs 2,400cr pending dues of last 2 seasons to cane growers: Govt

Depressed sugar prices due to surplus sugar production in two consecutive sugar seasons -- 2017-18 and 2018-19 -- adversely affected the liquidity of sugar mills resulting in accumulation of cane price arrears of farmers.

Govt extends moratorium by 6 months on Rs 15,000 cr soft loan to sugar mills

A moratorium period is a time during the loan term when the borrower is not required to make any repayment.