Page 12 - Sugar

Import duty on sugar may be hiked to 100% to protect farmers: Food ministry

India's sugar production estimate has been revised upward by 4 per cent to 26.1 million tonnes in the current 2017-18 marketing year (October-September)

Sugar shares gain; Thiru Arooran, Kesar Enterprises, Uttam Sugar up 8%

Mawana Sugars, Triveni Engineering Industries, Shree Renuka Sugar and Simbhaoli Sugars were up more than 5% on the BSE.

Govt allows import of 3 lakh tonne sugar at 25% duty

Govt in April allowed duty-free import of 5 lakh tonnes of raw sugar to boost domestic supply

Sugar output may rise 24.2% to 25.1 mt in FY18: Source

Higher output will help India to obviate import needs in the next season

World braces for a sugar shock

US cities from Oakland to Philadelphia have started taxing sugar-sweetened beverages

Sugar mills on debt reduction spree

Most sugar mills retire part of their debt, squeeze in margins on high cane cost

Sugar stocks gain on hike in import duty

Ugar Sugar, Sakthi Sugars, Thiru Arooran, Rajshree Sugars, KCP Sugar and Simbhaoli Sugar up 4%-7%

Sugar shares in focus; Shree Renuka surges 20%

Bajaj Hindustan, Ugar Sugar, Simbhaoli Sugars and Sakthi Sugar rallied more than 10% on BSE.

India could import more sugar as prices plunge, rupee strengthens

India is the world's biggest sugar consumer

Sweet talk: Sugar output seen jumping in Maharashtra

That jump would help push the country's sugar production back near consumption levels

Another 18 days for zero-duty raw sugar import

Centre extends deadline for companies and importers to import a total of 500,000 tonnes of raw sugar

Sugar shares in focus; Dhampur Sugar, Uttam Sugar up over 5%

Uttam Sugar, Dhampur Sugar, Rajshree Sugar and Dwarikesh Sugar were up in the range of 3% to 10%

Sugar output may dip 19%, says Icra

Icra said, domestic sugar consumption is expected to fall by 4% compared to SY16

South India might face sugar deficit this season due to lower output

Traders insist on meeting shortage through supply from other states

Sugar could remain subsidised for poor families

To support the poor, the Central government is expected to continue with subsidized sale of sugar to over 2.5 crore Antodaya Anna Yojana (AAY) families bearing a financial burden of around Rs 550 crore per year.Officials said the finance ministry seems to be amiable to a suggestion from the ministry of food for continuation of sugar subsidy for AAY families as they are amongst the poorest of the poor. A formal cabinet note could be prepared soon.The Centre had scrapped the subsidy on sugar amounting to Rs 4,500 crore in 2017-18 Union Budget. The subsidy was granted to enable states distribute cheap sugar to below poverty line families. The explanation for scrapping the subsidy was that after implementation of National Food Security Act (NFSA), the APL-BPL bifurcation got diminished and states were unable to provide details of extent of sugar subsidy that they incurred on BPL families. This lead to allegation of diversion of subsidy. The government annually distributes around 2.7 ...

Not so sweet

A year of lower production and Isma's revised projections kept prices firm

Why Paswan is unhappy with sugar producer's association

Food Minister Ram Vilas Paswan yesterday said that the lower estimates of production provided by the trade body Indian Sugar Mills Association (ISMA) are 'misleading' and country has enough stock of sugar and no import is required. However his anger against Indian Sugar Mills Association was unusual as so far government has been dealing with this industry body softly.An official aware of the reason for Paswan's anger said that ISMA's final production estimates have been coming 10-12 per cent lower than initial estimates and that was impacting policy decisions. However, despite his anger ISMA is happy to hear from him that "no plan to cut import duty on the sweetener at least in the near term and India has ample stock of sugar."ISMA last season 2015-16 had said in the beginning of the season that production will be 28 million tons which ultimately was 25.12 million tons and this season also it ultimately cut production estimate from 23 million tons to 20.3 million tons. Minister's ...

Sugar stocks extend gain; Dhampur, Mawana Sugars hit 52-week highs

Thiru Arooran, Dhampur Sugars, Uttam Sugar and Oudh Sugar Mills were up more than 3% each.

Sugar stocks in focus; Dhampur, Dwarikesh, Oudh Sugar up over 5%

Dhampur Sugar, Parrys Sugar, Dwarikesh Sugar and Oudh Sugar have rallied by up to 11% on the BSE.

Sweet '17 for sugar companies

Record profit due to bumper crop in Uttar Pradesh, price spike