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The world’s second-biggest sugar producer in January permitted mills to ship as much as 1 million tons in the current season from October, easing restrictions that curbed overseas sales for more than a year.
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India’s sugarcane cultivation area has increased by 18 per cent to 6 million hectares in the last decade, with production up 40 per cent to 491 million tonne,
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According to oil ministry data, India reached blending of ethanol in petrol to the extent of 15.4 percent in the month of May, compared to 12.7 percent in the previous month. The 15 percent ethanol blending holds importance as the government aims to reach 20 percent blending in petrol by 2025.
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Health tips: Regulating body temperature is crucial for maintaining good health, particularly in hot weather or due to factors like infections or medical conditions. Here are some foods to combat increased body heat, incorporating these cooling foods into your diet could be beneficial.
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The upward revision of the fair and remunerative price (FRP) and state advised price (SAP) remains a favoured governmental strategy despite the additional cost burden for the sugar milling sector. This coupled with export bans and ethanol caps to keep domestic sugar prices low have reduced sugar companies to a losing proposition, forcing them to drop capacity expansion plans
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All eyes will turn to the South West monsoon and whether it can ensure a bumper cane crop for the new sugar season
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India currently imports 100 percent of potash required as fertilisers.
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The revised price is likely to be applicable for the 2025-26 sugar season
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The downslide in sugar production is expected on account of less rainfall this monsoon which has led to lesser sugarcane plantations.
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India will one day become an exporter of energy and there was a need to develop agriculture for this to happen, Gadkari said
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TRQs allow countries to export specified quantities of a product to the United States at a relatively low tariff, but subject all imports of the product above a pre-determined threshold to a higher tariff.
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In a directive issued to all sugar mills and distilleries, the ministry said the oil marketing companies (OMCs) will issue a "revised allocation" of "sugarcane juice and B heavy molasses-based ethanol" for the 2023-24 supply year to "each distillery".
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The govt has directed sugar mills and distilleries to halt the use of sugarcane juice/sugar syrup for ethanol production in ethanol supply year 2023-24. Here are the reasons and the benefits.
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A potential loss that sugar makers may face would depend on the quantum of reduction in the sugar prices, Vivek Saraogi suggested
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The government’s move was perhaps in order to check a drop in sugar output following reports of a possible shortfall in sugarcane production. A 25% drop in sugar output is expected in Maharashtra, while production in Karnataka is also down
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The questions that remain to be answered is how much sugar diversion will actually take place and whether the government will manage to plug the feedstock gap through other sources
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In a notification, the government added sugar mills can continue to produce ethanol from B-Heavy molasses to meet requirement for blending in petrol
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Punjab government summons farmer union leaders to meet Chief Minister Bhagwant Mann amid a four-day highway blockade over sugarcane prices in Jalandhar.
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Earlier in January, Khattar had announced a Rs 10 per quintal hike in sugarcane price, raising the crop’s rate to Rs 372 a quintal.
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The new price would be applicable for the purchase of sugarcane from farmers by sugar mills in the upcoming sugar season from October 2023 to September 2024
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The memorandum of understanding (MoU) with NSL Sugars will indirectly add about 50,000 farmers across Telangana, Karnataka and Maharashtra, UPL Sustainable Agriculture Solutions (UPL SAS) said.
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Bajaj Hindusthan Sugar Ltd is India’s leading sugar and ethanol manufacturing company. Part of the Bajaj Group (Kushagra), the company has 14 sugar plants, all located in Uttar Pradesh.
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The decision to increase the FRP of sugarcane was taken in the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
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Finance ministry Updates: The Finance Ministry said that there will be no change in the rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs 7 lakh per individual per annum. It has also been decided to give more time for the implementation of the revised TCS rates and for inclusion of credit card payments in LRS.
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The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said.
