Industry seeks allocation of special fund to clear pending export subsidy
Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year
The excess production is a major issue as mills had planned to expand ethanol production
The factories were able to supply only a third of OMC requirements in the second tender
Apart from sugar mills, grain based distilleries have also set up additional 100,000 litres per day taking total additional capacity to 2 lakh litres per day
The Rangarajan committee recommendations on sugar reforms have been put into cold storage. Yet, the industry has managed to break out from the infamous surplus-shortage cycle
According to market watchers, fresh sugar procurement from mills would start soon since the supply chain would have largely dried up during the last couple of weeks
The government had allocated 6 million tonnes of sugar quota among 530 mills spread across in the country, depending on their crushing capacity and records
The industry's closing stock as at the end of September seen at 10 million tonnes
Newer opportunities such as exporting to Indonesia are being thrown up but early closure of mills could be an issue
All India Sugar Trade Association sees sugar output falling to 27 million tonnes; This is higher than ISMA's estimate of 26 million tonnes for 2019-20
Electricity is generated by sugar mills from molasses in cogeneration units
So far, lower cane availability has impacted ethanol supply for blending with petrol
Late start of season hits incomes while OMCs to take action for not delivering ethanol as committed
This is the second straight year that the govt has kept prices unchanged. It had hiked the price by Rs 10 per quintal for the common variety in its maiden year in office, during 2017-18 season
Directive aimed at ensuring vacating fields for rabi sowing
The policy, which could be a viable and long-term answer to the cyclicality in the sugar sector
Sugar mills contract for 1.4 million tonnes of exports in 2019-20 season
UP is estimated to produce 45% of India's sugar in 2019-20 cycle
Adityanath said his government is making a lot of efforts to get rid of the stagnation created by Samajwadi Party and Bahujan Samaj Party in the past years