Sugar Mills

Sugar mills question high retail prices as ex-mill rates fall sharply

Sugar mills say retail prices should have fallen faster as ex-mill rates dropped nearly 30 per cent from their August peak, with no shortage reported in the market

Ex-mill sugar prices fall 30% to ₹47 per kg but retail rates yet to decline

Ex-mill sugar prices fell nearly 30 per cent to Rs 47 per kg on Monday, from a peak of Rs 67 per kg on August 18, following a series of government interventions, but the drop has yet to filter down to retail shelves, industry sources said. While the decline in ex-mill rates gets reflected almost immediately in wholesale markets, retail prices tend to lag. Retailers who bought stock at the earlier, higher rates are unwilling to sell at a loss and will continue pricing their existing inventory at the older rate until it is exhausted, the sources explained. A retailer typically holds 10-15 bags of sugar, each weighing 50 kg. Only once fresh stock is procured at the lower rate will retail prices adjust accordingly. "It takes at least ten days to reflect changes in the retail price," an industry source said. On Sunday, retail sugar was selling at Rs 64.23 per kg, against a wholesale rate of Rs 59.72 per kg. WHY EX-MILL PRICES FELL ------------------------------ The decline follows t

Centre releases fortnightly sugar quota for September, prices stay firm

Centre fixes a 1.3 million tonne sugar quota for September 1-15 as retail prices remain above Rs 60 per kg despite government measures to check the rise

India's sugar mills, refiners seen importing just half of duty-free quota

The world's biggest sugar consumer last week ‌allowed duty-free imports until October 31 to ease record-high prices ahead of the festival season, when demand for traditional sweets typically peaks.

Centre caps sugar stocks; mills told to furnish three days' sale details

Centre caps sugar stocks held by bulk consumers at 15 days' requirement as prices hit record highs; mills must disclose buyer-wise sales for August 17-19

India sugar prices hit record high on tight supplies, festival demand

Indian sugar prices hit a record high as tight supplies and rising festival demand fuel gains, raising inflation concerns and boosting sugar mill margins

Centre withdraws draft amendments to Sugarcane Control Order of 1966

The amendments were floated last month and were open for public comments till May 20

West Asia crisis: Global experts to brainstorm status of sugar industry

Sugar industry stakeholders and global experts will discuss sustainability, ethanol blending, policy, and technological innovation at a two-day conference in Lucknow

Balrampur Chini aims ₹ 2,000 cr revenue from new bio-plastic plant in UP

Sugar firm Balrampur Chini Mills Ltd expects about Rs 2,000 crore annual revenue from its new bio-plastic plant in Uttar Pradesh, scheduled to be commissioned during the December quarter, a senior company official said. Balrampur Chini Mills, which has 10 sugar factories in Uttar Pradesh, is setting up a Poly Lactic Acid (PLA) plant of 80,000 tonnes per annum capacity at a cost of more than Rs 3,000 crore. In an interview with PTI, Balrampur Chini Executive Director Avantika Saraogi said, "This new plant will be operational in the third quarter of this fiscal." Asked about the revenue potential from the plant, she said, "We are expecting a revenue of about Rs 2,000 crore at full capacity. Balrampur Chini posted a total revenue of around Rs 6,300 crore during the last fiscal. The full-year impact of this new PLA plant would be reflected in the 2027-28 fiscal. Saraogi said the construction activities on the site are undergoing at full speed. Meanwhile, the company is doing analysis

Millers welcome sugarcane FRP hike; farmers say ₹10 rise too meagre

ISMA said the FRP hike is a progressive, farmer-friendly step reflecting the government's continued commitment to strengthening farmer welfare and boosting rural prosperity

Sugar stocks surge: Balrampur Chini, Triveni Engg soar up to 8%; here's why

Triveni Engineering & Industries surged 8 per cent to ₹401, while Balrampur Chini Mills soared 7 per cent to ₹512.10 on the BSE in Wednesday's intra-day deals.

Rise in industrial diesel price hits sugar mills and mining sector

Sharp rise in industrial diesel prices raises transport and input costs, putting pressure on sugar mills' cash flows and mining operations across sectors

Govt allocates additional 87,587 tonnes of sugar export quota for 2025-26

The food ministry has approved an additional export quota of 87,587 tonnes of sugar for the 2025-26 marketing year (October-September), following requests from sugar mills, the ministry said in a circular on Monday. The government had earlier permitted exports of 1.5 million tonnes for the season, and in February allocated an extra 500,000 tonnes to willing mills on a non-swappable basis. Mills had until February to apply for portions of the additional quota. Of the 500,000 tonnes, only 87,587 tonnes were requested and approved, with the remainder lapsing, the ministry stated. Mills must export the allocated sugar by June 30, 2026. Those exporting at least 70 per cent of their quota by that date will be allowed to ship the balance by September 30, 2026. Failure to meet the 70 per cent threshold will result in the unutilised quantity lapsing, with potential reallocation to higher-performing or willing mills. No extensions will be granted except in force majeure cases. The quota cann

Maharashtra takes private route to revive sick cooperative sugar mills

Policy allows establishment of sugarcane byproduct processing projects through private investors

India's sugar output rises 48% as more mills begin crushing: Industry body

India's sugar consumption is estimated at around 29 million tons, which could allow New Delhi to export 2 million to 2.5 million tons of sugar in the new season, the NFCSF said

Silk threads, sugar dreams: What remains of Bihar's industrial past

Once a significant industrial state of eastern India, Bihar now stands as a sobering tale of unrealised potential and faded fortunes. Factories that once buzzed with activity now lie silent

Ethanol blending transforms sugar cooperatives' balance sheets: Amit Shah

Ethanol blending has transformed the balance sheets of sugar mills and India's sugar cooperatives sector has benefitted immensely after Narendra Modi became the prime minister, Union minister Amit Shah said on Sunday. He also said that the Centre, under PM Modi's leadership, will extend all possible assistance to farmers in Maharashtra who have suffered losses due to heavy rains in the state recently. The Union Minister for Home and Cooperation was addressing a farmers' rally after inaugurating the expanded capacity of Dr Vitthalrao Vikhe Patil Cooperative Sugar Factory in Maharashtra's Ahilyanagar district, which has increased its crushing capacity to 10,000 tonnes of sugarcane per day. He also unveiled statues of Dr Vitthalrao Vikhe Patil, a notable figure in the cooperative movement, and his son and former Union minister Dr Balasaheb Vikhe Patil. The sugar cooperative sector has benefitted immensely after Narendra Modi became the prime minister, he said, adding that sugar ...

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

Cooperative sugar mills seek ethanol price revision as blending dips to 28%

Closing sugar stocks now estimated at 4.8 million tonnes in 2024-25

India exports 4.24 lakh tonnes of sugar by April in current season: Aista

India exported 4.24 lakh tonnes of sugar till April of the ongoing 2024-25 marketing year with maximum shipments of 92,758 tonnes to Somalia, trade body AISTA said on Monday. The sugar marketing year runs from October to September. Sugar exports for the 2024-25 marketing year in India were allowed on January 20, 2025. The total quantity permitted for export is 10 lakh tonnes. According to the All India Sugar Trade Association (AISTA), mills have exported a total of 4,24,089 tonnes of sugar till April 30 of the current marketing year. Out of which, white sugar exports were at 3.27 lakh tonne, refined sugar 77,603 tonne and raw sugar at 18,514 tonne till April of this year. About 25,000 tonnes of sugar are under loading, it said. Of the total exports undertaken so far, maximum shipments have been to Somalia at 92,758 tonnes, followed by Afghanistan at 66,927 tonnes, Sri Lanka at 60,357 tonnes, and Djibouti at 47,100 tonnes. "Looking at the current export scenario, the AISTA expects