Page 2 - Sugar Mills

UPL SAS partners with NSL Sugars to enhance sustainable sugarcane yield

UPL Sustainable Agriculture Solutions on Friday said it has signed an agreement with NSL Sugars to promote sustainable sugarcane production and promote green agriculture through optimised usage of natural resources. The memorandum of understanding (MoU) with NSL Sugars will indirectly add about 50,000 farmers across Telangana, Karnataka and Maharashtra, UPL Sustainable Agriculture Solutions (UPL SAS) said in a statement. The primary objective of this partnership is to achieve a minimum of 15 per cent increase in yield to over 5 tonnes per acre, which will help farmers earn an additional income of Rs 12,000-15,000 per acre, the statement said. This also aims at reducing input costs for farmers while promoting sustainable agri practices. This collaborative effort is expected to save about 6 lakh litres of water and 50 kg of urea per acre, thereby promoting green agriculture practices and reducing environmental impact, the company added. UPL SAS and NSL Sugars will implement plans in

Sugar mills owe Rs 5,664 cr cane dues to farmers for crushing: UP govt

Cane dues of Rs 5,664 crore has been pending for payments to farmers on various sugar mills in the state for the 2022-23 crushing season, the Uttar Pradesh government said on Wednesday. "As per information till Jul 24, cane dues of Rs 5,664 of farmers are pending for payments," Cane Development Minister Lakshmi Narain Chaudhary said in a written reply in the state assembly on a question of member Ajay Kumar. He said that rules and regulations are in place to ensure payment of farmers and action is taken accordingly. He said for the pending dues, notices have been issued to sugar mills on April 21, May 19 and Jun 22 this year.

Co-op sugar mills may soon start wiping off Rs 10,000 cr tax liability

140 cooperative mills across the country are expected to benefit from the move

Sugar mills pay nearly Rs 1.04 trillion to cane farmers so far in 2022-23

Sugar mills have paid nearly 1.04 lakh crore to cane farmers so far in the current marketing year ending September, while Rs 9,499 crore is yet to be paid, the government said on Friday. In a written reply to the Rajya Sabha, Minister of State for Consumer Affairs, Food and Public Distribution Sadhvi Niranjan Jyoti said that payment of cane dues to farmers is a continuous process and the outstanding cane arrears are decreasing continuously during the last five years. She informed that about 99.9 per cent of cane dues up to sugar seasons 2020-21 have been cleared. "For the previous sugar season 2021-22, more than 99.9 per cent cane dues have been cleared and in the current sugar Season 2022-23, about 91.6 per cent cane dues are cleared as on July 17, 2023," the minister said. As per the data, the total amount payable as of July 17 of the current 2022-23 marketing year (October-September) is Rs 1,13,236 crore, out of which Rs 1,03,737 crore has been paid and Rs 9,499 crore is yet to

Centre extends deadline for ethanol projects by six months to Sept 30

Many loan proponents failed to meet earlier deadline of March 31 due to challenges in processing applications and coordination with mutiple agencies

EID Parry reports consolidated PAT at Rs 286.90 cr in March quarter

Sugar manufacturer EID Parry (India) Ltd reported a consolidated profit after tax for the quarter ending March 31, 2023 at Rs 286.90 crore, the company said on Wednesday. The company, which is a part of city-based Murugappa Group, had registered consolidated profit after tax (PAT) at Rs 428.96 crore in the corresponding quarter of previous year. For the year ending March 31, 2023, the consolidated profit after tax grew to Rs 1,827.74 crore from Rs 1,573.70 crore registered a year ago. The consolidated total income during the quarter under review surged to Rs 6,865.28 crore from Rs 5,756.35 crore registered in the same period for the previous year. For the year ending March 31, 2023 the consolidated total income went up to Rs 35,283.02 crore from Rs 23,743.798 crore registered a year ago. The sugar division reported a consolidated operating profit at Rs 176 crore, while the corresponding quarter of previous year's profit was at Rs 194 crore for the quarter. The farm inputs divisio

Sugar mills export entire quota of 6.1 mn tonnes, cash in on high prices

Mills were getting more than Rs 50,000 ($604.6) per tonne from the overseas sale against the local price of 36,500 rupees, dealers said

India's sugar output drops 5.4% y/y as mills close early, worst in Maha

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

Top Headlines: Home loan rates to get dearer, Covid-19 tests up 84% & more

Business Standard brings you the top headlines at this hour

Maharashtra to produce nearly 16% less sugar as mills close early

Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

More than two dozen sugar mills close early in Maharashtra: Govt official

Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

LIVE: Finance Minister Sitharaman gears up to present her 5th Budget

Catch all the latest news and updates from around the world here

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