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Sugar production may fall by 9% to 256 lakh tonnes in 2015-16

Country's sugar production is estimated to decline by over 9 percent to 256 lakh tonnes in the current marketing year ending September on account of lower sugarcane output.

Government likely to provide subsidy of Rs 4.75/quintal on cane prices

Government likely to provide subsidy of Rs 4.75/quintal on cane prices

Zee News Media

New Delhi: In order to aid the sugar industry, Government is likely to provide subsidy on cane prices to the tune of around Rs 4.75 per quintal.

Banks given 15 days to disburse soft loan to sugar mills

Banks given 15 days to disburse soft loan to sugar mills

Emphasising improvement on the liquidity position of sugar industry, government has given 15 more days to banks for disbursing Rs 1,900 crore soft loans to sugar mills.

Pawar raises woes of sugar industry with PM

Worried at cane arrears to farmers mounting to Rs 21,000 crore, NCP chief and former Agriculture Minister Sharad Pawar Monday led a delegation to Prime Minister Narendra Modi demanding that the Centre create sugar buffer stock to bail out cash-starved mills.

Gadkari, Pawar to discuss sugar industry crisis with Jaitley

Union Minister Nitin Gadkari on Saturday said he and NCP president Sharad Pawar will call upon Finance Minister Arun Jaitley to discuss the crisis facing the sugar industry.

'Price mismatch worries sugar industry'

Mismatch in the prices of cane and white sugar is causing severe loss to the factories resulting in huge arrears to farmers by the mill owners, says a top official of a sugar company.

Food Ministry for extending sugar export subsidy for 1.4 million tonnes

The Food Ministry is in favour of extending export subsidy for only 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.

Govt examining extension of export subsidy on sugar

The government is examining cash-starved sugar industry's demand for extending export subsidy on raw sweetener to 2014-15 marketing year, Food Minister Ram Vilas Paswan said on Wednesday.

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.

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

In a move that could lead to rise in the price of sugar, the government on Friday hiked the import duty on it from 15 percent to 25 percent.

Govt to take steps to address sugar industry problems

Food and Civil Supplies Minister Ram Vilas Paswan said the money would go directly into the accounts of farmers so as to avoid any malpractice by the mills.

Sugar mills owe Rs 9,252 crore to cane farmers as on July 31

Sugar marketing year runs from October to September.

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.

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.

Sugar refiners gain on hopes of government aid

Shares of sugar refiners gain after a report that Food Minister Ram Vilas Paswan has called a second high-level meeting on Monday to discuss ways to bail out the ailing sugar industry.

GoM okays incentives for raw sugar export

The PM-constituted panel was set up to address the financial problems being faced by the sugar industry.

Govt notifies norms for sugar mills to get interest-free loans

The government has notified the modalities for the beleaguered sugar industry to avail of interest-free loans to the tune of Rs 6,600 crore from banks for payments to cane growers.

PM panel okays Rs 7,200 cr interest-free loans to sugar mills

The ministers also suggested recasting of loans taken by mills as per Reserve Bank norms, incentives to produce 4 million tonnes of raw sugar and setting up of buffer stock, besides doubling ethanol-blending in petrol to 10 percent.

Sugar impasse: UP govt offers sops, millers still adamant

Uttar Pradesh government and sugar millers are headed for a showdown with the industry refusing to start operations despite tax incentives to break the impasse over cane prices.

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.