ISMA wants govt to buy surplus sugar stock to end crisis

Government's decision to hike import duty on sugar and remove excise duty on ethanol will help millers only in the long run and it should buy 10 percent of the sweetener produced this year to help clear cane arrears, sugar industry body ISMA said on Wednesday.

CCEA okays hike in sugar import duty to 40%

The Centre had in August last year hiked the import duty on both raw and refined sugar to 25 percent from 15 percent.

Govt hikes import duty on sugar to 40% from 25%

Sugar production of India, the world's second largest producer, is estimated to be higher than the domestic consumption for the fifth year in a row this season.

Food ministry for hiking import duty on sugar to 40%

The Food ministry would recommend a hike in import duty on sugar to 40 percent from the current 25 percent to check sliding price of the sweetener and enable mills to clear mounting cane arrears that has reached almost Rs 20,000 crore so far.

Govt not to hike import duty on sugar

Rejecting the demand to hike import duty on sugar to 40 percent, the Finance Ministry on Friday said the levy will be retained at the existing level of 15 percent.

Speculation responsible for sugar price rise: Paswan

With sugar prices rising after the Centre rolled out incentives for the industry, Food Minister Ram Vilas Paswan on Wednesday blamed the increase on market speculation and said surplus stocks will help stabilise rates.

Sugar stocks extend gains for second day

Shares of sugar companies on Tuesday soared higher for second day in a row after the government announced interest-free loans for cash-strapped mills and hiked import duty.

Govt to give more interest-free loan to sugar mills

The government on Monday decided to provide additional interest-free loan of up to Rs 4,400 crore to sugar mills and hike import duty on sweetener to enable the cash-starved industry pay their huge arrears to sugarcane farmers.

Govt agrees to raise import duty on sugar with rider

The government has also decided to raise the mandatory blending of ethanol in gasoline to 10 percent from 5 percent.

Sugar stocks soar on import duty hike, interest free loans

Government will extend sugar export subsidy of Rs 3,300 per tonne till September this year.

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.

Import duty on sugar raised to 15%

In a notification issued by the Central Board of Excise and Customs (CBEC), the duty of both raw and white (refined) sugar have been raised to 15 percent.

Sugar stocks surge as govt plans to hike import duty to 15%

Sugar stocks on Friday rose by over 5 percent on reports that the government plans to increase import duty to 15 percent from the current 10 per percent.

Govt not to hike import duty on sugar in this marketing year

Amid demand from sugar mills for duty hike to curb imports of the sweetener, Food Minister K V Thomas Friday ruled out such a possibility during the current marketing year ending September and said the government will take a decision on the issue after that.