Sugar Industry

Govt approves Rs 5,500-crore package to sugar industry; to provide transport subsidy to mills for export

The Cabinet Committee on Economic Affairs (CCEA) approved the food ministry's proposal that seeks to address the surplus domestic stock of sugar

Panicky government rains sops on sugarcane farmers, risks turning industry diabetic

Political meddling in the pricing of sugarcane has made the sugar economy unsteady.

Arrears to sugarcane farmers down by Rs 3,000 cr on govt's measures, says food minister Ram Vilas Paswan

As per the government data, cane arrears soared to Rs 22,654 crore as on 1 June, which has come down to Rs 19,816 crore till 25 June.

In a move to boost sugar industry, govt hikes ethanol price by Rs 2.85 per litre for 2018-19

The sugar industry and even NCP supremo Sharad Pawar had demanded a higher ethanol price to improve the liquidity of cash-starved mills and enable them clear cane arrears that have crossed Rs 22,000 crore.

Sugar package: Most mills are bad in quality and some need to be rationalised, Abhijit Sen tells Firstpost

Sugar package announced by govt has invited criticism for going back on limited deregulation that has been attempted by the current and previous governments

Centre bails out sugar industry: All you need to know about the whopping Rs 8,500 cr package and why it was announced

The MSP of sugar, at Rs 29 per kg, is inadequate and does not cover production costs, making it difficult for mills to clear cane arrears.

Ahead of elections, Cabinet approves Rs 8,500 cr bailout package for cash-starved sugar industry

The Cabinet on Wednesday approved a Rs 8,500 crore bailout package for the sugar industry which includes Rs 4,500 crore soft loan for building ethanol production capacity and creating a 3 million tonne stockpile to soak up excess supply

Govt could push a Rs 8,000 cr package for the sugar industry, says food minister Ram Vilas Paswan

A bailout package has been worked out as sugar mills' financial health has worsened due to sharp fall in prices following a record sugar production of over 31.6 million tonnes so far in the 2017-18 marketing year (October-September).

Sugar stocks in demand; surge up to 7% amid reports of govt likely to announce Rs 7,000 cr bailout package for sector

Concerned over mounting cane arrears of more than Rs 22,000 crore, the government is likely to announce a bailout package of over Rs 7,000 crore to ensure cash-starved mills clear dues to farmers at the earliest

Sugar stocks in sweet spot after cabinet nod on Rs 6,000 cr interest-free loan

Simbhaoli Sugars, Shree Renuka Sugars, Bajaj Hindusthan, Bannari Amman Sugars, Balrampur Chini Mills surge 7-13 percent post announcement