Page 4 - Sugar Mills

Sugar mills in Maharashtra to close early as rain hits cane supply

India has allowed sugar mills to export only 6.1 million tonnes of the sweetener in the current season and, out of that, mills have already contracted to export 5.7 million tonnes

Maharashtra sugar mills likely to shut early as rain hits cane supply

Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1

Varun Gandhi says sugar mills should clear farmers' dues or face protest

BJP MP Varun Gandhi has asked sugar mills to clear dues they owe to farmers or be ready to face protests. At a public function in Arsiaboj village in Baheri assembly segment, which falls under his parliamentary constituency of Pilibhit, Gandhi said if sugar mills don't start paying dues to farmers immediately, a protest meet by cane-growers will be organised at their gates. He named two sugar mills in particular. He also raised questions over the unemployment scenario in the country. "One crore government posts are lying vacant, the government should fill these posts. We are ready to help," he said. The farmers also told the MP that stray animals were harming their crops. Gandhi responded by saying the government and the administration should solve this problem soon. He also said he was getting many complaints of police torture.

Sugar mills clinch export deals within days of govt approval, says dealers

The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly

Sugar mills clinch export deals within days of govt's approval, say dealers

India's approval came late on Saturday for the export of 6 million tonnes of sugar in the 2022/2023 marketing year that started on Oct 1

Govt asks sugar mills to export speedily to make early payment to farmers

"The Directorate General of Foreign Trade (DGFT) has already notified to extend the inclusion of sugar exports under the 'Restricted' category up to October 31, 2023," the ministry said.

Sugar producers sign deals in 'golden opportunity' on tight global market

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

Sugar mills object to Centre's move to raise domestic sales quota for Sept

In India, the Central government determines the quantity of sugar that each mill can sell in the domestic market each month which keeps on changing depending upon the demand-supply matrix.

State Bank of India moves NCLT to recover dues from Bajaj Hindusthan Sugar

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

Govt relaxes sugar export quota for 2021-22; allows extra 1.2 MT shipments

Sugar mills have already exported nearly 10 million tonnes so far -- an all-time high -- in the current marketing year. The industry has been demanding that the export cap should be enhanced.

Rs 15/quintal hike in sugarcane FRP to Rs 305 per quintal for FY23 season

The decision will benefit around 50 mn sugarcane farmers and their dependents, as well as about 500,000 workers employed in sugar mills and related ancillary activities

Pay Rs 22 cr dues to cane growers by selling mill property: Punjab min

Punjab Agriculture Minister Kuldeep Singh Dhaliwal directed officials to sell the property of a sugar mill to make pending payments to the cane growers

Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

Sugar mills foresee output spike, want 8 mn tonne OGL exports next season

Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices

Sugar mills question export quota allotment; Centre says it's transparent

ISMA ups 2021-22 sugar production estimate to a record 36 million tonnes

Indian mills waiting to export 1.5 MT sugar after selling 8.5 MT: Report

India has exported around 8.5 million tonnes of sugar since the current season began on Oct 1, with exporters likely to contract another 1.5 million tonnes for overseas sales in the next five months

India signs deals to export 8.5 MT sugar in 2021/22, says trade body

Mills have already dispatched around 7.1 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills Association (ISMA) said

Centre looks to ensure easy credit from banks to cooperatives sugar mills

With cooperative sugar mills complaining of difficulty in accessing loans from banks due to a plethora of conditions, FM Sitharaman held a high-level meeting with senior officials to iron out glitches

Gadkari urges mill owners to cut production of sugar, focus on ethanol

Raising concerns over the surplus sugarcane production in Solapur, Union Minister Nitin Gadkari on Monday urged sugar mills owners to reduce the production of sugar and increase the production of ethanol.Gadkari was in Solapur on Monday for the foundation stone-laying ceremony of national highway projects. The minister said if the production goes on like this, then farmers would have no option other than suicide.Meanwhile, India's sugar exports surged by 64.9 per cent to $4.6 billion in the financial year 2021-22 from $2.79 billion recorded in the previous year, according to the latest government data.As per data released by the Directorate General of Commercial Intelligence and Statistics (DGCI & S), India exported sugar to 121 countries across the world during the financial year ended March 2022.India is the world's second-largest sugar producer after Brazil. Since 2010-11, India has consistently produced surplus sugar, comfortably exceeding the domestic requirements. The record