Page 6 - Sugar Mills

Sugar mills owe nearly Rs 13,000 cr for FY20 season to cane farmers: Govt

Sugar mills owed nearly Rs 13,000 crore to cane farmers as on September 11 for the crop procured during 2019-20 marketing season that started October last year, Parliament was informed on Tuesday. "Out of total cane dues payable of Rs 75,585 crore for sugar season 2019-20 as on September 11, 2020, about Rs 62,591 crore have been paid to the sugarcane farmers & only Rs 12,994 crores cane dues are yet to be paid," Minister of State for food and consumer affairs Danve Raosaheb Dadarao said in a written reply to the Lok Sabha. The sugar mills also owe Rs 548 crore for 2018-19 marketing season (October-September), Rs 242 crore for 2017-18 and Rs 1,899 crore for 2016-17 and earlier, taking the total outstanding amount to Rs 15,683 crore. As per the information received from the Uttar Pradesh government, out of total cane dues payable of Rs 5,339 crore by Bajaj group against their 14 mills for sugar season 2019-20, an amount of Rs 2,378 crore has been paid to sugarcane farmers and Rs ...

Why sugar farmers remain under the stress of mounting payment dues

Cost-price mismatch is only part of the story; lack of working capital for mills and delay in release of subsidy add to the strain in the entire system

Adityanath warns UP sugar mills over delay in clearing farmers' cane dues

UP mills have A sugarcane outstanding of nearly Rs 11,000 crore

UP announces Rs 500 crore package for sugar mills to settle cane arrears

Aid will be given to 24 state-run cooperative mills as loan, arrears will be settled via direct transfers into farmers' bank accounts

Niti Aayog panel recommends linking sugarcane prices to sugar rates

It has also pitched for a one-time increase in minimum sugar price to Rs 33 per kilo to help sugar mills cover the cost of production

Centre raises sugarcane FRP by Rs 10 a quintal for 2020-21 season

Govt estimates over Rs 93,000 crore may flow into hands of sugarcane farmers in 2020-21 based on estimated output

UP govt facilitates issuance of Khandsari licences online in 100 hours

131 licences to set up new Khandsari units issued so far, creating 34,550 TCD capacity

India likely to export 6 million tonnes of sugar in 2019-20: Trade body

The current season began on October 1

Sugar mills eye molasses export, higher ethanol for blending in glut season

Factories seek to improve cash flows; Maharashtra allows export of molasses

Windfall for sugar mills as Centre allows export of alcohol-based sanitiser

Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20

Despite lockdown, sugar mills contract for 4.2 million tonnes of exports

3.6 MT shipped by mills so far; Indonesia, Iran major offshore destinations

Tough times for sugar mills as demand from business consumers dwindles

Low offtake of sweetener as cold drink units, ice-cream factories, and sweet shops remain shut due to lockdown. No offtake from liquor plants, paper units and OMCs for byproduts either

Coronavirus lockdown leaves a bitter taste for India's sugar industry

In this backdrop, the sugar mills are now pinning hopes on the prospective shipments to Indonesia to make up for the accumulating losses

Lockdown: Working capital woes hit sugar mills as consumption dips

Industry seeks allocation of special fund to clear pending export subsidies

Lockdown: Sugar mills face working capital crunch as consumption dips

Industry seeks allocation of special fund to clear pending export subsidy

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Sugar mills seek third ethanol supply tender from govt-owned OMCs

The excess production is a major issue as mills had planned to expand ethanol production

Sugar mills seek third ethanol supply tender from OMCs on production spike

The factories were able to supply only a third of OMC requirements in the second tender

Sugar mills boost production capacity of hand sanitisers to 100K L per day

Apart from sugar mills, grain based distilleries have also set up additional 100,000 litres per day taking total additional capacity to 2 lakh litres per day

How sugar industry has managed to break out from surplus-shortage cycle

The Rangarajan committee recommendations on sugar reforms have been put into cold storage. Yet, the industry has managed to break out from the infamous surplus-shortage cycle