Page 5 - Sugar Mills

Export subsidy to expand margins of sugar mills, says Crisil

The Centre's export subsidy for the October-September sugar season 2020-21 (SS21) will help sustain the commodity's exports at almost last year's level, Crisil said

Govt rules out reducing minimum sugarcane price for sugar mills

Union Food Minister Piyush Goyal urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies

Top headlines: HDFC Q2 profit tanks 28%, factory output hits decade high

From NIIF foraying into road and highway sector to HDFC Q2 profit declining, Business Standard brings you top news of the evening

Mills across India want people to consume more sugar: Here is why

Consumption in India has stagnated at 19 kilograms per capita per year compared with a global average of 23 kilograms

UP slaps recovery notices on Bajaj Hindusthan, Modi Group sugar mills

At present, Rs 7,500 crore cane dues are outstanding as many as 94 on UP private millers

UP sugar mills to raise Rs 3,650 cr from banks to pay cane farmers

In coming season, the state's sugar output is pegged at 12.3 million tonnes

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