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India plans to allow extra 2 lakh tonnes duty-free sugar imports

India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept 30.

 

Govt to buy pulses till Apr 22 but only from farmers: Paswan

The government has created buffer stocks of 18 lakh tonnes of pulses so far and also decided to procure dals from farmers till April 22, Food and Consumer Affairs Minister Ram Vilas Paswan said today.

Price rise: Govt allows duty free import of raw sugar up to 5 lakh tonnes

Price rise: Govt allows duty free import of raw sugar up to 5 lakh tonnes

The government on Wednesday allowed duty free import of up to 5,00,000 tonnes of raw sugar to boost domestic supplies and check price rise amid production fall.

Sugar above Rs 40/kg: Govt imposes stock limit on mills to check prices

Sugar above Rs 40/kg: Govt imposes stock limit on mills to check prices

To check spiralling price of sugar which has crossed Rs 40 per kg, the government on Thursday imposed stock limits on sugar mills during the festival season till October-end.

Sugar prices soar to Rs 42/kg; FM holds inter-ministerial meeting on banning futures trading

Sugar prices soar to Rs 42/kg; FM holds inter-ministerial meeting on banning futures trading

Finance Minister Arun Jaitley on Monday held an inter-ministerial consultation on imposing ban on sugar futures trading in an effort to curb speculation and check price rise of the sweetener during festival season.

CCEA may review production subsidy to sugar mills tomorrow

The Cabinet Committee on Economic Affairs (CCEA) is likely to review production subsidy to sugar mills for 2015-16 season tomorrow, taking into account lower sugar production and exports.

Govt mulls curbs on sugar sales at mill level to check prices

Govt mulls curbs on sugar sales at mill level to check prices

Government is mulling imposing stock limit for sugar millers and restricting domestic sales by fixing quota on each mill to tame sweetener's retail prices, which are currently ruling as high as Rs 43 per kg.

Sugar exports up at 1.6 MT so far in 2015-16 season

Sugar exports up at 1.6 MT so far in 2015-16 season

New Delhi: India has exported over 1.6 million tonnes of sugar so far in 2015-16 marketing year that started from October last, up 46 percent from the whole of previous year, according to industry body ISMA.

Food Ministry proposes 25% duty on sugar export to ensure sufficient supply

Food Ministry proposes 25% duty on sugar export to ensure sufficient supply

The Food Ministry has proposed imposing 25 percent duty on export of sugar to ensure sufficient supply in the domestic market, Union Minister Ram Vilas Paswan has said.

Govt trying to talk to countries on sugar exports: Sitharaman

"We just started working on it. Because quantum of sugar is annually getting accumulated. In the last four years it (the accumulation of sugar) has been quite substantial," she told reporters here.

'Firms export 6,101 tonne sugar to EU; 8,071 tonne to US'

Sugar Companies exported 6,101 tonnes of the sweetener to the EU and 8,071 tonnes to the US till July 21 under the preferential quota system, Parliament was informed on Friday.

Sugar output up 15% so far in 2014-15; prices at 7-year low

India's sugar production rose by 15 percent to 26.35 million tonnes so far during the current marketing year, resulting in fall of ex-factory prices to seven-year low and a surge in cane arrears to nearly Rs 20,000 crore.

CCEA may take up sugar export subsidy issue Thursday

The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Thursday a proposal to extend export subsidy to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.

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.

Govt open to extending export subsidy to UP sugar mills: Paswan

Food Minister Ram Vilas Paswan made it clear to mill owners that threats are not the right way to solve problems because farmers have other options and they do not have.

Sugar production dips 7% till March this year: ISMA

The country's sugar production has dropped by 7 percent to 21.5 million tonnes in the first six months of the current marketing year.

Sugar output for 2013-14 revised lower by 5% at 23.8 mn tonnes

Country's sugar production for the marketing year 2013-14 has been revised downwards by 1.2 million tonnes to 23.8 million tonnes due to lower output estimates in Uttar Pradesh, industry body ISMA said on Thursday.

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.

Crushing delay may not impact sugar output this season: Thomas

Sugar production, which is estimated at 241 lakh tonnes in the country, is expected to remain unaffected due to delay in commencement of sugarcane crushing, Parliament was informed Tuesday.

Govt projects nearly 3% drop in sugar output this year

The country's sugar production is likely to drop by nearly three percent to 24.4 million tonnes this year, but sufficient to meet the domestic demand, Food Minister K V Thomas said Thursday.