Page 11 - Sugar Mills
UP sugar output up 7-fold, crosses 750,000-tonne mark
Improvement in recovery ratio seen, 100 mills start crushing operations in state against 50 units last year
 "UP sugar output up 7-fold, crosses 750,000-tonne mark")
UP mills to procure Rs 22,500-cr of sugarcane
This would be 25% more than the value of cane procured by the 117 sugar mills in UP in the 2015-16 crushing season
 "UP mills to procure Rs 22,500-cr of sugarcane")
Mawana sells Titawi for Rs 375 cr to Indian Potash
Rs 150 cr for farmers dues and Rs 225 cr to go to clear debt
HC hearing this week on Maharashtra mills' plea
3-month extension sought for adhering to new stock limit order from Centre
 "HC hearing this week on Maharashtra mills' plea")
Centre imposes stock-holding limits on sugar mills
Mills can't hold more than 37% of total inventories as of Sept-end; limit would be 24% as of Oct 31
 "Centre imposes stock-holding limits on sugar mills")
Excise duty concession on ethanol withdrawn for sugar mills
The mills said the abrupt withdrawal of the exemption would hurt their finances
 "Excise duty concession on ethanol withdrawn for sugar mills")
Conditions for sugar mills to avail subsidy eased
The Cabinet Committee on Economic Affairs on Wednesday relaxed conditions for sugar mills to avail production subsidy, after taking into account low sugar output because of drought.The conditions were also relaxed because the subsidy was withdrawn abruptly as sugar prices in retail markets had risen beyond a reasonable limit. As the production subsidy scheme was withdrawn before schedule, mills that had met at least 50 per cent of their export target and mills with distillation capacity that have supplied ethanol in line with the revised schedule, would be eligible for the subsidy, an official statement said. Earlier, this subsidy was given to mills that exported their full quota and those who entered into ethanol delivery contracts with OMCs or oil marketing companies.The subsidy was initially calculated based on the estimated cane crushing of 255 million tonnes in 2015-16. But, the crushing has come down due to drought."However, production subsidy on actual cane crushing would be pro
Sugar mills move for early closure of crushing, lower exports still an issue
Export target of 4 million tonnes so far is still far away
