Page 5 - Indian Sugar Industry

India's sugar exports to drop more than 24% in 2020-21: Trade body

In the 2019/20 season, Iran imported a record 1.14 million tonnes of sugar from India, accounting for some 20% of the country's sugar exports, according to Indian customs data

First time in 3 years, sugar mills sign export deals without govt sweetener

India is the world's biggest consumer of sugar, but as the second biggest producer, produces more than required.

Centre asks sugar mills to divert excess cane, sugar for ethanol production

In order to encourage mills to divert sugarcane to produce ethanol in the interest of farmers and sugar industry, soft loans of Rs 18,600 crore are being extended through banks to 362 projects

WTO panel report on India sugar subsidy case may not come before Q2, 2021

In 2019, Brazil, Australia and Guatemala dragged India into the WTO's dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules

Covid impact: Domestic sugar consumption likely to dip 2 million tonnes

According to estimates, domestic institutional sales account for 65-70 per cent of the total sugar sales with the remaining emerging from the household segment

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Sugar mills seek third ethanol supply tender from OMCs on production spike

The factories were able to supply only a third of OMC requirements in the second tender

Covid-19 lockdown impacts sugar mills as OMCs reduce ethanol offtake

With petrol and diesel demand falling, OMCs are already dealing with excess supply of the biofuel; ISMA writes to them to reallocate ethanol to deficient depots for fuel mixing

How sugar industry has managed to break out from surplus-shortage cycle

The Rangarajan committee recommendations on sugar reforms have been put into cold storage. Yet, the industry has managed to break out from the infamous surplus-shortage cycle

Sugar output down 24% at 141 lakh tonne during Oct-Jan of 2019-20 market yr

ISMA has pegged the country's sugar production at 260 lakh tonne for 2019-20

Sugar reforms

Prices should be determined by market dynamics

Sweetener for sugar exports: Forecast of global shortage offers fresh hope

This is because the Indian industry contending with brimming inventories has been given a mandate by the government to sell 6 mt in the world market

Indian sugar industry poised to export 5 mn tonne, likely to set new record

Sugar mills in India have done deals to export 2 million tonnes in the new season that began on Oct. 1, 2019

Govt's ethanol-blending policy needs stimulus to adhere to 2022 timeline

The policy, which could be a viable and long-term answer to the cyclicality in the sugar sector

Global sugar-palm lobbies coming to India to protect their trade

A high-powered industry delegation from major sugar producing countries is expected to come to India in the next few weeks to press their views

Rs 4,700 crore arrears: UP demands higher sale quota for sugar mills

UP cane minister to meet union food minister Ram Vilas Paswan soon

Balrampur Chini, Kothari Sugar: Is it the right time to buy sugar stocks?

The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters

Govt approves creation of 4 mn tonnes of sugar buffer stock during FY20

It also decided to keep Fair and Remunerative Price (FRP) of sugarcane unchanged at Rs 275 per quintal for 2019-20 marketing year

How the Indian sugar industry is creating a not-so-sweet trap for itself

Industry staring at a record surplus by next year