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Sugar industry News

26 Sep 2018

Cabinet okays Rs 4,500-cr package to sugar industry

The government has taken a slew of measures to bail out sugar mills as well as cane farmers in the last one year.

06 Jun 2018

Cabinet approves Rs 8,500-cr bailout package for sugar industry

The Cabinet, headed by PM Modi, approved Rs 4,440 crore soft loan for building ethanol production capacity to absorb the cane and a buffer stock of 3 million tonnes, besides for the first time fixing Rs 29 per kg as the minimum price below which mills cannot sell sweetener.

06 Jun 2018

Cabinet approves bailout package for sugar industry

The move is aimed at helping loss-making mills and millions of cane growers.

06 Feb 2018

Govt doubles import duty on sugar to 100%, hikes chana to 40%

Presently, customs duty on sugar is 50% and that on chana is 30%.

India's sugar production

29 Mar 2016

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.

Subsidy on cane prices

17 Nov 2015

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

02 Oct 2015

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.

11 May 2015

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.

25 Apr 2015

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.

23 Mar 2015

'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.

28 Jan 2015

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.

10 Dec 2014

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.

23 Aug 2014

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.

22 Aug 2014

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.

08 Aug 2014

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.

05 Aug 2014

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

Sugar marketing year runs from October to September.

25 Jun 2014

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.

23 Jun 2014

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.

23 Jun 2014

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.

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