Sugar Mill

India's sugar mills to miss 1 mn tonne export quota, may ship 775K tonnes

After a flurry of deals earlier in the season, India's overseas sugar sales slowed in recent months as supplies from Brazil increased and global sugar futures fell to their lowest level in over 4 yrs

Ajit Pawar returns to sugar mill polls after 40 years in 3-way contest

More than four decades after he last contested cooperative sugar mill polls, Maharashtra Deputy Chief Minister Ajit Pawar is back in the fray as one of 90 candidates for Malegaon Cooperative Sugar Mill elections in Pune's Baramati. His party functionaries said Pawar had last contested sugar mill polls in 1984, going on to serve on the board of directors of Chhatrapati Cooperative Sugar Mill. Elections to the 21-member board of directors of Malegaon Cooperative Sugar Mill, currently led by the Ajit Pawar-led NCP, will be held on June 22, with results to be announced the following day, they added. Ajit Pawar-led Nilkantheshwar Panel is currently in power at Malegaon Cooperative Sugar Mill. It had defeated Chandrarao Tawre's Sahakar Bachav panel in 2019. Tawre, a known name in the co-operative sector, was once considered close to Sharad Pawar but later parted ways. Besides Nilkantheshwar Panel and Sahakar Bachav panel, the Sharad Pawar-led NCP (SP) too has fielded 'Baliraja Sahakar ..

Govt to impose strict penalties on sugar mills violating stock limits

The government will take stringent action against the sugar mills violating monthly stock holding limit orders, the Food and Consumer Affairs Ministry said on Friday. The ministry prescribes monthly stock holding limits for white/refined sugar to prevent hoarding and control price increases. For April, the stock holding limit is set at 23.5 lakh tonnes. In a directive issued to mills, the ministry said it has found repeated violations by some group and individual sugar mills despite previous warnings, prompting the issuance of new, stricter guidelines. Key penalties include: for first-time violations, 100 per cent of excess sugar sold will be deducted from the subsequent month's release quota. Subsequent violations will see progressively higher deductions: 115 per cent for the second, 130 per cent for the third, and 150 per cent for the fourth violation. Mills dispatching less than 90 per cent of quota without intimation will have restricted future allocations. Multiple violatio

Sugar mills close early, pushing up local prices amid production halts

Many Maharashtra mills are struggling to get enough sugarcane, operating at half their capacity, and will likely close for the season by the end of this month

India's sugar output drops 5.4% y/y as mills close early, worst in Maha

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

Ajit Pawar denies links with sugar mill under Enforcement Directorate lens

The senior NCP leader said he had no idea why Guru Commodity Services -- which owns the sugar factory -- was facing probe.

Centre's ethanol push prompts sugar mills to increase production

The Centre has floated tenders seeking supply of 350 crore litres of ethanol to be blended with vehicle fuel.

Yogi govt moots 'sugar tourism' with trips to mills and ethanol plants

Seven-member panel formed to study proposal, offer recommendations on action plan, selected sugar complexes, mode of travel and coordination with tourism department

Indian traders selling old season sugar to Iran after subsidy: Report

Exports from the world's biggest sugar producer could put pressure on global prices but will help India reduce its inventories that have driven down domestic prices

Sugar mills post stellar profit growth in April-June

Average realisation from sugar up 42%

Jump in sugar prices, drop in output pull out most UP sugar mills from red

Centre's soft loan and SARFAESI loan amounting to around Rs 10,000 cr disbursed over the last few years has also helped in easing the dues