Page 11 - Sugar

Sugar stocks extend rally; Uttam Sugar, Dwarikesh jump over 40% in one week

Thiru Arooran Sugars, Dwarikesh Sugar Industries, Uttam Sugar Mills, Dalmia Bharat Sugar and Industries and Ponni Sugars (Erode) were up in the range of 14% to 20% on Monday.

Sugar stocks in focus; Uttam Sugar, Dwarikesh, Dhampur Sugar surge over 10%

Thiru Arooran Sugars, KCP Sugar & Industries and Bajaj Hindustan Sugar were up more than 10% as compared to 0.21% decline in the S&P BSE Sensex at 11:13 am.

Sugar muddle

The sector must undergo market reform

Sugar mills to face borrowing woes as banks keep sector on 'caution list'

Lenders have been conservative in sanctioning limits for the crushing season 2018-19

India's sugar output is expected to reach a record 35-35.5 million tonnes

The production in Maharashtra is pegged higher at 11-11.5 million tonnes against 10.71 million tonnes

Uttar Pradesh govt asks sugar mills to pay Rs 123 bn dues in 15 days

In the current season, that is 2017-18, UP's sugar production was around 12 mt on the back of higher production and a rise in recovery ratio of 10.87%

After brief surge, sugar prices on decline again

With the average cost of production around Rs 3,600 a quintal, mills say their losses will widen

GST panel examines alternatives on sugar cess; here's all you need to know

While GST is a key revenue generator, it should not be used as a tool to alleviate sector/commodity related issues, as that would lead to significant changes in the GST structure

New MSP at RS 29/kg for sugar mills still not enough for cane arrears

The current year is expected to end with a closing stock of 10 mt, even if mills export a million tonnes. The estimate for a year later is a possible sugar surplus of 17-18 mt

Govt's sugar bailout package to clear 40% of Rs 220 bn cane arrears: Crisil

With the supply surplus situation anticipated to continue in SS 2019 as well, a further build up in arrears cannot be ruled out

Centre okays Rs 70 billion sugar package, MSP set at Rs 29 per kg

CCEA also announces creation of a buffer stock of 3 million tonnes for one year, which will be at an estimated expenditure of Rs 11.75 billion

Govt plans to build stockpile of 3 mn tonnes sugar to prop up prices

Local sugar prices have dropped to their lowest in 28 months,

Govt may announce a package of almost Rs 80 bn to bail out sugar sector

This will be in addition to the financial assistance of Rs 5.50 per quintal of sugarcane announced a few weeks ago, costing over Rs 15 billion

Uttar Pradesh sugar mills seek govt help, concerned about next season

Burdened with falling prices, rising arrears and credit woes, they want rescue package and more viable pricing

High oil price may support sugar industry; output to surpass all-time high

The Centre had doubled sugar import duty to 100%, scrapped export duty to check falling prices

Sugar shares in focus; Dwarikesh Sugar, Balrampur Chini up over 5%

Thiru Arooran Sugars, Bajaj Hindustan, Uttam Sugar Mills, Mawana Sugars and Trivenni Engineering & Industries were up in the range of 6% to 11% on the BSE.

Centre may wait for sugar prices to correct before doling out sops

From doubling import duty to fixing the quota of sugar that mills can sell in the open-market, the government has tried it all

Sugar stocks extend fall on concerns of record output

Balrampur Chini Mills, Avadh Sugar & Energy and Dalmia Bharat Sugar and Industries were down 10% on the BSE.

Govt mulls scrapping export duty on sugar in view of falling domestic price

FCI likely to save Rs 1,600 per year on grain procurement post-GST

Govt fixing sugar release quota for mills to arrest falling prices

Move comes days after govt doubled import duty on sugar to 100%, from existing 50% to check cheap imports from Pakistan