Sugar Mills

Devendra Fadnavis denies allegations of BJP poaching MLAs from rival parties, tells Sharad Pawar to 'introspect'

Maharashtra Chief Minister Devendra Fadnavis on Sunday hit back at Sharad Pawar, saying that the NCP chief should introspect as to why people were leaving his party.

Cane arrears decline to Rs 15,222 cr so far in 2018-19: Food Minister Ram Vilas Paswan

Cane dues to be paid by sugar mills to farmers has come down to Rs 15,222 crore so far in the marketing year 2018-19, that will end in September, because of government's intervention, Parliament was informed on Tuesday

India to produce record sugar in 2018-19, stocks to rise further; govt may continue incentives for exports: ISMA

India’s money-losing sugar mills have run up a record $4.38 billion in arrears to 50 million cane farmers, who have gone unpaid for their produce for more than a year.

Sugar mills owe record $4.38 bn to cane growers; huge inventories adversely affect paying capacity

As cane harvests jumped, domestic sugar prices fell 20 percent over the past two years, with sugar mills often complaining about prices falling below their production costs.

Uttar Pradesh sugarcane farmers languish due to bumper produce; Centre's promised aid yet to reach them

Several sugarcane mills in the region have been shut. Their owners have not been able to clear pending dues of farmers due to the low selling price of sugar, caused by excess production and a decline in global sugar prices.

Govt approves Rs 2,790-cr interest subvention on loans to sugar mills; NHPC to take over Teesta hydel project in Sikkim

The interest subvention is for extending loans of Rs 12,900 crore by banks to sugar mills under the scheme for extending financial aid to sugar mills for enhancement and augmentation of ethanol production capacity, he said.

Sugar mills contract to export 20 lakh tonnes so far in 2018-19 out of 50 lakh tonnes quota

Of the total contracts, about 8-10 lakhs have already been shipped overseas, Indian Sugar Mills Association (ISMA) Director General Abinash Verma said

Govt hikes floor price of sugar to Rs 31 per kg; mechanism to be put in place to ensure benefit reaches farmers too

MSP is the rate below which the mills cannot sell sugar in the open market to wholesalers and bulk consumers like beverage and biscuit makers.

Sugar production falls 15% as several mills yet to begin crushing operation this season

ISMA had last month forecast that sugar output in the current marketing year (October-September) may decline to 31.5 million tonnes (MT) from record 32.5 MT in the previous year.

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