Sugar

India may double sugar exports as ethanol diversion falls sharply

Higher exports from the world's second-largest sugar producer could pressure benchmark New York and London futures, which are hovering near five-year lows

ISMA seeks higher ethanol quota, warns on sugarcane farmer payments

Sugar industry has demanded a bigger share of ethanol supply contracts for the 2025-26 season, warning that inadequate allocation could trigger financial stress and delay payments to cane farmers, an industry body said on Wednesday. The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) said sugar mills have been allocated just 289 crore litres of ethanol -- 28 per cent of the total requirement of 1,050 crore litres, while grain-based distilleries received 760 crore litres, or 72 per cent. The allocation falls short despite the sugar sector investing more than Rs 40,000 crore to build ethanol capacity exceeding 900 crore litres, ISMA said. "There has been some kind of a policy gap and planning gap as far as the OMCs (oil marketing companies) are concerned, which has led to the abnormality and disruption in allotment of ethanol for the sugar industry," ISMA Director General Deepak Ballani told reporters. The ethanol blending programme was launched to help the sugar industry

Govt may allow sugar exports as surplus builds on lower ethanol diversion

The government is considering allowing sugar exports in the 2025-26 marketing year, as surplus stocks accumulate due to lower-than-expected diversion of the sweetener for ethanol production, a top government official said on Wednesday. The country's sugar mills diverted only 3.4 million tonnes of sugar for ethanol manufacturing in 2024-25, well below the projected 4.5 million tonnes, Union Food Secretary Sanjeev Chopra told PTI in an interview. This has resulted in high opening stocks for the current 2025-26 marketing year that runs from October to September, he said. Sugar production for 2025-26 is expected to reach 34 million tonnes against the annual domestic demand of 28.5 million tonnes, Chopra added. When asked about the industry's demands to allow exports as well as higher diversion for ethanol, Chopra said: "We are definitely having a surplus of sugar... We are considering allowing exports." He hinted that a decision might be taken soon, as the government would like to giv

Low-income groups to drive branded sugar demand growth by 2030: Isma

Low-income households will lead growth in branded sugar demand by 2030, while institutional buyers continue to dominate India's sugar consumption trends

Sugar trade body AISTA seeks export quota reform to boost shipments

Sugar trade association AISTA on Wednesday requested the government to allocate export quotas only to mills willing to ship from their own facilities, saying the current system hampers exports and hurts mill profitability. The All India Sugar Trade Association (AISTA) said the existing quota system, which distributes limited export allocations to all mills based on past production, allows remote or export-reluctant mills to sell their quotas to others, leaving substantial quantities unexported. "This leads to mills located at remote places or not interested in exports to sell their export quota to others. A substantial quantity even remains unexported, resulting in a higher than desired stock of sugar with mills," AISTA said. Sugar exports are currently on a restricted list, with the government controlling volumes through quotas distributed proportionally among mills. AISTA also criticised the 50 per cent export duty imposed on ethanol since January 15, 2024, saying it has failed t

Why your jalebis and samosas are under scrutiny | Lifestyle diseases | Fat

India’s Health Ministry has sparked a national conversation by urging cafeterias and public institutions to display cigarette-style health warnings alongside popular snacks such as samosas and jalebis

Samosa with a side of caution: Govt orders fat, sugar warnings on snacks

Health Ministry has asked government facilities to display warnings on fat and sugar in foods like samosas and laddoos to combat obesity and chronic disease

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

Is fruit bad for diabetes? Can you reverse it with lemon water? Do sugar-free foods help? In this edition of Fact-check Friday, we bust the 15 biggest diabetes myths that still trip people up.

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