Page 13 - Sugar

After brief surge, sugar prices on decline again

With the average cost of production around Rs 3,600 a quintal, mills say their losses will widen

GST panel examines alternatives on sugar cess; here's all you need to know

While GST is a key revenue generator, it should not be used as a tool to alleviate sector/commodity related issues, as that would lead to significant changes in the GST structure

New MSP at RS 29/kg for sugar mills still not enough for cane arrears

The current year is expected to end with a closing stock of 10 mt, even if mills export a million tonnes. The estimate for a year later is a possible sugar surplus of 17-18 mt

Govt's sugar bailout package to clear 40% of Rs 220 bn cane arrears: Crisil

With the supply surplus situation anticipated to continue in SS 2019 as well, a further build up in arrears cannot be ruled out

Centre okays Rs 70 billion sugar package, MSP set at Rs 29 per kg

CCEA also announces creation of a buffer stock of 3 million tonnes for one year, which will be at an estimated expenditure of Rs 11.75 billion

Govt plans to build stockpile of 3 mn tonnes sugar to prop up prices

Local sugar prices have dropped to their lowest in 28 months,

Govt may announce a package of almost Rs 80 bn to bail out sugar sector

This will be in addition to the financial assistance of Rs 5.50 per quintal of sugarcane announced a few weeks ago, costing over Rs 15 billion

Uttar Pradesh sugar mills seek govt help, concerned about next season

Burdened with falling prices, rising arrears and credit woes, they want rescue package and more viable pricing

High oil price may support sugar industry; output to surpass all-time high

The Centre had doubled sugar import duty to 100%, scrapped export duty to check falling prices

Sugar shares in focus; Dwarikesh Sugar, Balrampur Chini up over 5%

Thiru Arooran Sugars, Bajaj Hindustan, Uttam Sugar Mills, Mawana Sugars and Trivenni Engineering & Industries were up in the range of 6% to 11% on the BSE.

Centre may wait for sugar prices to correct before doling out sops

From doubling import duty to fixing the quota of sugar that mills can sell in the open-market, the government has tried it all

Sugar stocks extend fall on concerns of record output

Balrampur Chini Mills, Avadh Sugar & Energy and Dalmia Bharat Sugar and Industries were down 10% on the BSE.

Govt mulls scrapping export duty on sugar in view of falling domestic price

FCI likely to save Rs 1,600 per year on grain procurement post-GST

Govt fixing sugar release quota for mills to arrest falling prices

Move comes days after govt doubled import duty on sugar to 100%, from existing 50% to check cheap imports from Pakistan

Import duty on sugar may be hiked to 100% to protect farmers: Food ministry

India's sugar production estimate has been revised upward by 4 per cent to 26.1 million tonnes in the current 2017-18 marketing year (October-September)

Sugar shares gain; Thiru Arooran, Kesar Enterprises, Uttam Sugar up 8%

Mawana Sugars, Triveni Engineering Industries, Shree Renuka Sugar and Simbhaoli Sugars were up more than 5% on the BSE.

Govt allows import of 3 lakh tonne sugar at 25% duty

Govt in April allowed duty-free import of 5 lakh tonnes of raw sugar to boost domestic supply

Sugar output may rise 24.2% to 25.1 mt in FY18: Source

Higher output will help India to obviate import needs in the next season

World braces for a sugar shock

US cities from Oakland to Philadelphia have started taxing sugar-sweetened beverages

Sugar mills on debt reduction spree

Most sugar mills retire part of their debt, squeeze in margins on high cane cost