Sugar

Think sugar causes diabetes? These 15 myths could be risking your health

INSCO submits Rs 2,752 crore revised plan for HNGIL takeover after SC order

Independent Sugar Corporation (INSCO) has submitted a comprehensive revised resolution plan worth Rs 2,752 crore for the takeover of debt-ridden glass bottle manufacturer Hindusthan National Glass & Industries Limited (HNGIL), in line with the Supreme Court verdict. The Committee of Creditors (CoC) is likely to consider the revised proposal, and voting is likely to commence on Thursday, sources said. INSCO, a company promoted by the Madhvani Group, having operations in many countries, has submitted a revised resolution plan on June 8, making Rs 2,752 crore offer comprising Rs 2,200 crore in upfront cash and equity valued at around Rs 550 crore. The revised offer comes following the Supreme Court's directive to match the offer previously made by AGI Greenpac. As per the apex court's order, only INSCO's plan will be considered for approval, with the entire resolution process, including voting, to be completed by July 2025. INSCO's plan outlines payment of the entire Rs 2,200 crore .

HNGIL resolution: CoC to vote on the INSCO's revised plan next week

The revised plan of INSCO was discussed in the meeting of the Committee on Tuesday night, sources said.

Cane variety with 14% sugar recovery rate can boost Maha's economy: Gadkari

During his address, Gadkari also touched upon the fundamentals of entrepreneurship, stressing the importance of understanding market dynamics

CBSE's school initiative on sugar promising, but needs holistic backup

These boards are primarily meant to act as educational tools. Schools are expected to create information and creative displays that highlight the recommended daily sugar intake for children

KK Birla group sugar companies register rise in fourth quarter net profit

Post-tax profits of K K Birla sugar companies - Avadh Sugar and Magadh Sugar - registered an increase during the fourth quarter of 2024-25. A joint statement by the two firms said that the net profit of Avadh Sugar during the fourth quarter of last financial year stood at Rs 72 crore as compared to Rs 55 crore in the similar previous period. The total income of the company in the fourth quarter of 2024-25 stood at Rs 678 crore as against Rs 621 crore in the previous similar period. For Magadh Sugar, net profit increased to Rs 72 crore in the fourth quarter of last fiscal, as against Rs 47 crore in the previous corresponding period. The total income of the company increased to Rs 356 crore as compared to Rs 288 crore in the previous similar period.

DCM Shriram Q4 results: Profit jumps 52% YoY to ₹178.91 cr on higher income

DCM Shriram Ltd on Monday reported a 52 per cent increase in its consolidated net profit to Rs 178.91 crore for the quarter ended March on higher income. Its net profit stood at Rs 117.80 crore in the year-ago period. Total income rose to Rs 3,040.60 crore in the January-March period of the last fiscal from Rs 2,555.23 crore in the corresponding period of the preceding year. During the 2024-25 fiscal, the company's net profit increased to Rs 604.27 crore from Rs 447.10 crore in the preceding year. Total income rose to Rs 12,883.46 crore in the last fiscal year from Rs 11,529.83 crore in 2023-24. DCM Shriram is into chemical, sugar, farm solutions and fertilizer businesses among others.

Govt to put gur, khandsari under Control Order regulation, help farmers

This would ensure payment of fair and remunerative prices to cane farmers and help in accurate estimation of sugar production

India may export up to 800K tonnes of sugar this season, says food secy

India, the world's leading sugar producing country, may export up to 8 lakh tonnes of sugar, lower than the permitted quota of 10 lakh tonnes in the 2024-25 season ending September, a top government official said on Thursday. So far, the country has shipped 3 lakh tonnes of sugar and about 60,000 tonnes is at ports for shipment, a senior food ministry official said. Addressing a press conference, Food Secretary Sanjeev Chopra said, "We will export 8 lakh tonnes out of the total quota permitted." The food ministry has estimated a total sugar output of 26 lakh tonnes in the ongoing 2024-25 season and much of it has already been produced by mills. The country had restricted exports entirely in the previous 2023-24 season due to domestic supply concerns. In January, the exports were permitted for the current season.

India may export up to 700K tonnes of sugar this season: Isma member

The world's second-biggest sugar producer set the 1 million ton export allowance i9n January because the government and industry believed there was a surplus for overseas markets

Indian mills produced 24.8 MT of sugar so far in 2024-25 season: Report

The Indian Sugar and Bio-Energy Manufacturers Association said that in this season Indian mills have produced 24.8 million metric tonnes of sugar so far

Sugar output falls 16%; cooperative body flags production ambiguity

India's sugar production has declined by 16.13 per cent to 23.71 million tonnes so far in the ongoing 2024-25 season, creating challenges for government policies which were formulated based on higher initial projections, cooperative body NFCSF said on Sunday. The National Federation of Cooperative Sugar Factories (NFCSF) expressed concern over the "ambiguity" in sugar production numbers as the 2024-25 sugarcane crushing season (October-September) nears its end with significantly lower output than initially projected. Sugar production estimates have been repeatedly revised downward since the season began, creating challenges for government policies which were formulated based on an initial projection of 33.3 million tonnes, the industry body said in a statement. "One section of the industry submitted an estimate of 33.3 million tonnes of sugar production to the central government. Based on that, the central government started formulating its policies," NFCSF said. The central ...

Crisil SME tracker: Govt move on exports to boost revenue for sugar SMEs

Last financial year, the industry witnessed a sharp 10 per cent growth in revenue, driven by an 8 per cent year-on-year (Y-o-Y) increase in sugar prices and a steady 2 per cent rise in consumption

Sugar production to hit by weather, export prospects dwindle: Isma

The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house

Sugar raw material prices rose faster than final product in last 5 years

Also, a report by Infomerics Ratings showed that in the last five financial years WPI rose by 24.3 per cent over the past 5 years

Wheat sowing continues to progress, sugar output dips till mid-December

Wheat markets are also anticipating a decision on imports in the near future if prices continue to remain high

Sugar output slumps 44% in early 2024-25 season as mills delay crushing

India's sugar production dropped 44 per cent to 7.10 lakh tonnes in the first six weeks of the 2024-25 season compared with 12.70 lakh tonnes a year earlier, as fewer mills started crushing operations, industry body NFCSFL said on Friday. Only 144 sugar mills were operational as of November 15, down from 264 mills in the previous year, the National Federation of Cooperative Sugar Factories Ltd (NFCSFL) said in a statement. Maharashtra, one of India's top three sugar-producing states, has yet to begin crushing operations. Last year, 103 mills were operational in the state during the same period. Sugar recovery rates remained stable at 7.82 per cent, matching last year's levels, the cooperative body said. In Karnataka, production fell to 26.25 lakh tonnes from 53.75 lakh tonnes a year ago, with only 40 mills operating. Uttar Pradesh had 85 operational mills during the period. The industry body estimates total sugar production for the 2024-25 season, which runs from October to Septem

Sugar industry calls for price hike to Rs 39.14 per kg to help cut losses

Sugar industry body ISMA has demanded that the minimum selling price (MSP) of the sweetener should be increased to Rs 39.14 per kg from the current Rs 31 per kg as millers are facing losses due to high production cost. In a statement on Tuesday, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) called for an increase in the Minimum Sale Price (MSP) of sugar, which has remained unchanged at Rs 31 per kg since February 2019. During this period, it said the Fair and Remunerative Price (FRP) of sugarcane has increased five times, with the FRP now standing at Rs 340 per quintal for the 202425 sugar season. Under the Sugar Price (Control) Order of 2018, MSP determination should account for FRP levels, but the current MSP fails to reflect these rising costs. "As sugar contributes over 85 per cent of the industry's revenue, ISMA stresses that the ex-mill price of sugar must be sufficient to cover cane purchase costs and support financial viability," it said. Present ex-mill

Increase in ethanol production to prevent Indian sugar exports, says Wilmar

"Sugar diversion to ethanol will lead India to a tight sugar S&D (supply and demand) this season," the trader said in a note

Nestle to launch of 'no refined sugar' variants of infant food Cerelac

FMCG major Nestle India on Thursday said it will soon launch variants "with no refined sugar" of its infant food Cerelac. The announcement is important as Nestle India, part of Swiss multinational Nestle SA, recently faced criticism for having added sugar in Cerelac. In the company's earnings statement CMD Suresh Narayanan said: "We have achieved our ambition of introducing Celerac variants with no refined sugar." This was initiated three years ago and culminated this year with the introduction of new Cerelac variants with no refined sugar, he added. "The expanded Cerelac range in India will now consist of 21 variants, of which 14 variants will have no refined sugar," he said. Of these 14 variants, 7 will be available by end of November 2024 and the rest will be introduced in the coming weeks, he added. In April this year, Public Eye, a Swiss investigative organisation, and the International Baby Food Action Network (IBFAN), alleged that Nestle added sugar to its Cerelac products