Sugar mills' cane arrears to fall Rs 1,100 crore on govt subsidy

Sugar industry body ISMA on Wednesday said the millers' cane price liability to farmers would reduce by about Rs 1,100 crore following the government's decision to give direct subsidy of Rs 4.5 per quintal to cane growers.


Sugar, pulses prices remain unchanged on scattered buying

Sugar, pulses prices remain unchanged on scattered buying

Sugar prices closed steady at the wholesale market in the national capital today following scattered buying support amid adequate stocks position.

Sugar prices fall on low demand, ample supply

Sugar prices fall on low demand, ample supply

Sugar became cheaper by Rs 20 per quintal in the wholesale market in the national capital today as demand from stockists and retailers remained weak on persistent supplies by mills.

Sweet sugar turns bitter for mill owners in 2014

Sugar remained sweet for consumers this year but turned bitter for mill owners who faced huge losses estimated at over Rs 3,000 crore and struggled to make payments to cane farmers due to sluggish sales realisation.

'Decision on extending sugar export subsidy soon'

The government will soon take a final decision on extending subsidy for exports of raw sugar in the current 2014-15 marketing year, a top food ministry official said on Thursday.

Sugar production up 47% to 42.25 lakh tonne so far this season

India's sugar production rose by 47 percent to 42.25 lakh tonnes till December 15 of this marketing year, which started in October this year, leading to a fall in ex-factory prices of the sweetener.

Sugar slide on adequate supply, reduced offtake

Sugar prices drifted at the wholesale market in the national capital on Wednesday, dragged down by persistent supplies by mills against subdued demand from bulk consumers.

Govt hikes import duty on sugar to 25%; may impact prices

In a move that could lead to increase in sugar prices, the government on Friday hiked the import duty on both raw and refined sugar to 25 per cent from the existing 15 percent.

Sugar futures fall 0.63% on profit-booking

Snapping its rising streak, sugar prices fell by 0.63 percent to Rs 3,154 per quintal in futures trading Wednesday as speculators indulged in booking profits.

Sugar costlier by up to Rs 2 per kg on import duty hike

Sugar prices on Tuesday further rose by up to Rs 2 per kg to Rs 33.40 at the wholesale market in the national capital.

Sugar prices rise by Rs 60/quintal on import duty hike

Sugar prices rose up to Rs 60 per quintal in its prices on the country's leading wholesale markets on stockists buying after the government raised import duty on the sweetener to 40 percent besides additional interest-free loan of Rs 4,400 crore for mills.

Sugar prices may rise as govt hikes import duty on sugar to 40%

Govt will hike import duty on sugar to 40 percent from the current 15 percent, Food and Civil Supplies Minister Ram Vilas Paswan said on Monday.

Sugar refiners'' shares rise on expected govt measures

Shares in sugar refiners rise sharply on expectations that the new government would push ethanol blending in petrol and increase the import duty on the sweetener to support local prices, several traders said.

Sugar prices may rise by 10% by Sept on export subsidy: Crisil

Sugar prices are likely to rise over 10 percent by September this year on the back of the government's decision to give export subsidy on raw sugar with a view to bail out the industry, Crisil said Thursday.

ISMA insists prices should be viable for sugar mills to start

Apex sugar industry body ISMA Thursday called the tax sops offered by the Uttar Pradesh government insufficient and said mills won't start operations until the state fixes reasonable cane prices or links them to market rates.

UP govt offers sops to sugar mills; warns of action

Announcing tax breaks to end the impasse in the sugar industry, Uttar Pradesh government Thursday warned sugar mills of legal action if they did not start operations by next week.

Partial decontrol of sugar sector; prices not to go up: Govt

In a major reform, the government Thursday partially decontrolled the Rs 80,000-crore sugar sector by giving freedom to millers to sell in the open market and removed their obligation to supply the sweetener at subsidised rates to ration shops.

Industry hails Rangarajan's panel report on sugar decontrol

Hailing the recommendation by the Rangarajan Committee to decontrol the sugar industry, Indian Sugar Mills Association (ISMA) on Friday said the suggestions if adopted by the Centre would help the industry in achieving faster growth and attracting investments.

Sugar prices likely to remain high in next 12 months: ICRA

An expected fall in sugar production in the next year is likely to keep prices of the sweetener high in the coming quarters, credit rating agency ICRA said Thursday.

No proposal to ban sugar exports: Govt

There is no proposal to ban sugar exports despite a likely drop in production in the marketing year starting October 2012 due to poor rains, the government said on Tuesday.