Page 8 - Sugar Mills

Sugar mills owe $4.38 billion to cane growers who are unpaid from a year

The unpaid dues affect growers in the key cane-producing states of Uttar Pradesh, Maharashtra, Bihar, Punjab, Haryana and Karnataka

Centre extends soft loan window by 4 weeks for beleaguered sugar mills

Banks to consider soft loan application of sugar mills that would have cleared by March 26 at least 25% of sugarcane payables as on February 28

Sweetener or Ethanol? Sugar mkt is watching what Brazil mills are planning

Last season, Center-South millers made an unprecedented 26% cut for sugar production from the prior year as they opted for more ethanol

Strict action if cane dues not settled by Feb 28, UP govt warns sugar mills

Currently, the state mills owe almost Rs 10,000 cr to farmers, which is almost half the total outstanding by mills in India, including Maharashtra

MSP hike to improve sugar mills' operating profit margins by 6%: Icra

The rating agency Icra said that this is likely to translate to an increase in operating profits by around Rs 2/kg sugar sold which is around 6 per cent increase in operating margins

Higher revenue from ethanol to cushion sugar mills' topline and bottomline

Both production and sale volume jumps, 'B' molasses volume to add to overall quantity further

Cabinet mulls Rs 6,000 crore more in soft loans to sugar mills

The total expenditure on the exchequer for the second set of interest subvention could be around Rs 1,300 crore

Government warns of action against sugar mills over slow exports

Orders to fix quarterly shipment quota and submit progressive report to the Food Ministry or face action

Tamil Nadu sugar mills seek support from centre, state to boost output

The Sugar Mills in Tamil Nadu has sought help from the central and state governments to improve its performance in the next sugar season starting October, 2018. The industry, which thanked the central government for favourable decisions on subsidy and others, has sought the State Government to allow them produce power from the co-gen facilities which will help them to improve performance.The industry in Tamil Nadu has reported the lowest recovery in last five years, during the season ending September, this year, owing to the lack of proper rainfall.According to the South Indian Sugar Mills Association, Tamil Nadu (SISMA TN), the capacity utilisation for the season ending September, 2018 has come down to 27 per cent from the pervious year's 39 per cent. The quantity of cane crushed was around 8.2 million metric tonne compared to 11.9 million metric tonne during the previous season. The sugar production has come down to 7,08,000 metric tonne compared to over one million metric tonne ...

Tamil Nadu sugar mills seek support from Centre, state govt for new season

The Sugar Mills in Tamil Nadu has sought help from the central and state governments to improve its performance in the next sugar season starting October, 2018. The industry, which thanked the central government for favourable decisions on subsidy and others, has sought the State Government to allow them produce power from the co-gen facilities which will help them to improve performance.The industry in Tamil Nadu has reported the lowest recovery in last five years, during the season ending September, this year, owing to the lack of proper rainfall.According to the South Indian Sugar Mills Association, Tamil Nadu (SISMA TN), the capacity utilisation for the season ending September, 2018 has come down to 27 per cent from the pervious year's 39 per cent. The quantity of cane crushed was around 8.2 million metric tonne compared to 11.9 million metric tonne during the previous season. The sugar production has come down to 7,08,000 metric tonne compared to over one million metric tonne ...

Cabinet clears another Rs 55-bn bailout package for sugar mills

Package includes direct assistance of Rs 41.63 bn to farmers linked to 5 mn tonnes export

Yogi government to invest Rs 1.56 billion to revive six distilleries

These distilleries owned by the UP cooperative sugar mills federation had been temporarily shut following the CPCB order over non-compliance of environmental norms

Making ethanol under new method could solve India's sugar surplus problem

Experts said that making ethanol from B-heavy molasses and cane juice would allow the possibility of a reduction in sugar surpluses, thus indirectly supporting sugar prices

Adityanath govt hopes to harness sugar mills for food processing in UP

The state's sugar mills are idle for six to seven months a year, after cane crushing gets over

Sugar prices decline as govt looks to crack down on mills for arrears

The central government's threat of strong action against sugar mills for mounting arrears of payment to cane farmers has come along with a sustained fall in the price of sugar.Union food minister Ram Vilas Paswan has said he wrote last week to the governments of all major sugar producing states to take action in this regard. In the same period, both wholesale and factory-gate sugar prices have fallen by Re 1-1.5 a kg across the country. Mills protest that they are selling their produce at Rs 26 a kg, nearly Rs 5-6 a kg lower than at the start of the current crushing season last October. Also, that the current price is about Rs 10 a kg less than the average cost of sugar production. Even after considering Rs 6 a kg realisation from byproducts, including distillation (molasses, rectified spirit and ethanol) and co-generation (energy), the loss is still about Rs 4 a kg.And, with sugar production estimated to surpass consumption by around 20 per cent in the current season and the next, ...

Sugar export incentives not to benefit mills due to sharp decline in prices

The government in two separate notifications on Wednesday allowed sugar mills to export up to 2 million tonnes of sugar till September 2018 under the Duty Free Import Authorisation (DFIA)

Sugar mills urge govt to re-introduce minimum indicative export quota

Ask for an earlier scheme to be revived as prices slide after surplus production

Sugar mills, farmers stress to continue despite increase in prices

Cane crushing still unviable, farmers dues may sky rocket: incentivising exports is the solution

Southern sugar mills operating at 25% capacity due to chronic cane shortage

Increase in production cost, reduction in sugar prices increased pressure

Sugar mills face margin squeeze

Most sugar mills had reported healthy profits in the October-December quarter last year