Page 2 - Sugar Firms

Explained: Why sugar-producing firms' stocks are in a favourable cycle

Reducing sugar surplus, rising ethanol procurement, and potential for exports bode well

Global sugar-palm lobbies coming to India to protect their trade

A high-powered industry delegation from major sugar producing countries is expected to come to India in the next few weeks to press their views

7% hike in sugar MSP to put pressure on private mills to clear arrears

While the hike improves the realisation of beleaguered mills, with outstanding for current 2018-19 crushing season rising to almost Rs 22,000 cr, it remains below average production cost

Maharashtra govt to confiscate sugar in transit to clear cane arrears

The government of Maharashtra is targeting mills in Kolhapur and Sangli districts where arrears kept mounting

India may miss 2019 sugar MIEQ target on sustained fall in global prices

Missed 2018 target by 80%, sugar mills lower supply on delay in recovery of subsidy amount resulting into fear of working capital blockage

CCI imposes fine of Rs 380 million on sugar firms and their associations

The penalty was imposed by the commission at 7 per cent of the average relevant turnover of the sugar mills

Sugar firms stare at losses, with estimate of record output, after 2 years

Sugar mills rely heavily on banks for working capital loans, since production is over a five-six month period, but the output gets sold over the whole year or more

Sugar shares hit 52-week lows; Balrampur Chini down 10%

Balrampur Chini, Dwarikesh Sugar, Bannari Amman Sugars, Bajaj Hindustan, Mawana Sugars and Thiru Arooran Sugars are among 12 sugar stocks that hit their respective 52-week lows on the BSE

Sugar shares in focus; Dhampur, Mawana, Dwarikesh up over 4%

Avadh Sugar, Magadh Sugar and Uttam Sugar Mills were trading higher by more than 5% on BSE

Combined sugarcane payment arrears to farmers hit all-time high in December

Last week, the National Federation of Cooperative Sugar Factories (NFCSF) proposed the government create a buffer stock of two mt

EID-Parry still better placed than peers

Improved cane availability, good show of fertiliser arm to aid gains