Page 9 - Sugar Mills

Mills fret as prices of sugar and molasses plunge

Price of molasses has declined to Rs 900 a tonne in UP and Rs 2,200 a tonne in Maharashtra. At the peak last year, this was Rs 8,300 a tonne

Sugar mills fret as prices plunge of sugar and molasses

Data from ISMA shows the average cost of sugar production in Uttar Pradesh and Maharashtra at Rs 37 a kg and Rs 34 a kg

UP sugar mills urge Adityanath to clear Rs 475 cr power dues

Apathy delaying Uttar Pradesh sugarcane farmers payments

Sugar prices down; mills want stock limits to be lifted

Early arrival of new season production has pushed sugar prices down, say mill owners.A note from Indian Sugar Mills Association (Isma) said sales in the festival months of September and October were around 4.1 million tonnes, compared to about 4.2 mt in the same two months last year. The M-30 variety is now selling here at Rs 3,772 a quintal, down 3.4 per cent from July's Rs 3,905 a qtl. Isma says the ex-mill price in Maharashtra is estimated at Rs 34-35 a kg and in Uttar Pradesh at Rs 352-36 a kg, against the all-India average cost of production of Rs 37.5 a kg. This, it complains, is putting pressure on mills' realisation. The Association estimates sugar production this season (it began on October 1, nearly 25 per cent higher than the one before, at 25.11 mt. Hence, it says, it has asked the government to withdraw the stock holding limit on traders with immediate effect. Else, it says, cash flow will be affected, affecting mills' capacity to pay cane farmers." The 2017-18 season's .

Sugar mills hoping for recovery in ethanol blending with petrol this year

During the last season, 2016-17 droughts in some parts of Maharashtra, Tamil Nadu led to less sugarcane output and hence, lower availability of ENA

Profitability of sugar mills in south India to remain under pressure

Rise in cost production impacting profits

UP sugar mills to advance crushing by a month to boost supply

The state reported bumper sugar production at 8.2 million tonnes for 2016-17

Govt directs sugar mills to curtail prices immediately

The sugar prices had hit a three-months high in major mandis

Sugar mills have cleared 90% cane dues worth Rs 22,807 cr: UP minister

Sugar mills had paid Rs 14,007 cr to farmers during corresponding period last year, says UP Minister

Sugar mills seek increase in duty to curb unwanted imports

Global price crash makes raw sugar viable even at 40% duty, mills' supply glut due to cheap import

Yogi Adityanath govt to take action against sugar mills flouting NGT norms

Out of 116 sugar mills, 56 have cleared all dues while there were no dues in case of 25 mills

Finance Ministry considering debt restructuring for sugar sector

Sugar prices have started rising but the industry is unable to make money

UP sugar output up 7-fold, crosses 750,000-tonne mark

Improvement in recovery ratio seen, 100 mills start crushing operations in state against 50 units last year

UP mills to procure Rs 22,500-cr of sugarcane

This would be 25% more than the value of cane procured by the 117 sugar mills in UP in the 2015-16 crushing season

Mawana sells Titawi for Rs 375 cr to Indian Potash

Rs 150 cr for farmers dues and Rs 225 cr to go to clear debt

HC hearing this week on Maharashtra mills' plea

3-month extension sought for adhering to new stock limit order from Centre

Centre imposes stock-holding limits on sugar mills

Mills can't hold more than 37% of total inventories as of Sept-end; limit would be 24% as of Oct 31

Excise duty concession on ethanol withdrawn for sugar mills

The mills said the abrupt withdrawal of the exemption would hurt their finances

Conditions for sugar mills to avail subsidy eased

The Cabinet Committee on Economic Affairs on Wednesday relaxed conditions for sugar mills to avail production subsidy, after taking into account low sugar output because of drought.The conditions were also relaxed because the subsidy was withdrawn abruptly as sugar prices in retail markets had risen beyond a reasonable limit. As the production subsidy scheme was withdrawn before schedule, mills that had met at least 50 per cent of their export target and mills with distillation capacity that have supplied ethanol in line with the revised schedule, would be eligible for the subsidy, an official statement said. Earlier, this subsidy was given to mills that exported their full quota and those who entered into ethanol delivery contracts with OMCs or oil marketing companies.The subsidy was initially calculated based on the estimated cane crushing of 255 million tonnes in 2015-16. But, the crushing has come down due to drought."However, production subsidy on actual cane crushing would be pro

Sugar mills move for early closure of crushing, lower exports still an issue

Export target of 4 million tonnes so far is still far away