Double whammy for sugar mills: Late season hits income, OMCs plan action

Late start of season hits incomes while OMCs to take action for not delivering ethanol as committed

The sugar industry in the country is facing a double whammy this year. About a month of late start of cane crushing has already impacted the financial health with low cane availability. This is set to worsen further. 

On the other hand, oil marketing companies are planning to penalise them for not delivering ethanol as committed for this year. 

Experts believe that oil marketing companies or OMCs are planning to send penalty notices to sugar mills for not delivering ethanol this season. 

Ravi Gupta, president, Shree Renuka Sugars, said, “Sugar millers are facing a double whammy today. The state government’s permission was not