Farmers body demands sugar mills to pay 15% interest on delayed cane dues
A farmers' body today demanded that sugar mills should pay an interest of 15 per cent on delayed payment of sugarcane dues, which have crossed Rs 22,000 crore this year....
‘Impose interest on delayed payment to clear cane arrears’
The Central government's Rs 7,000 crore bailout package for sugar industry will hardly benefit farmers, said a farmers' organisation, demanding imposition of 15 per cent interest on delayed payment of sugarcane dues by mills....
₹7,000-cr sugar package hardly a relief: Farmers’ body
The Central government’s ₹7,000-crore package for reviving the sugar industry has hardly any benefits for the farmers, members of the Rashtriya Kisan Mazdoor Sangahthan (RKMS) said on Tuesday....
No intent to control sugar sector; just helping mills clear cane arrears via MSP: Govt
he Centre does not want to regulate the sugar sector and has fixed the minimum selling price for the sweetener, as also stock limits on mills, only in the interest of farmers, consumers as well as small units, a senior food ministry official said today....
Sugar rises on demand
Sugar prices at the Vashi wholesale market extended gains by ₹20-30 a quintal. Naka and mill tender rates ruled steady on Monday....
Kharif sowing gathers pace; maize, sugarcane area up
Planting of key kharif crops such as paddy and maize has picked up as the South-West monsoon advanced further into parts of Maharashtra and Odisha....
Why government’s intervention to deal with sugar industry crisis does not solve much on ground
While welcoming the limited relief the package will bring, sugar industry also thinks that it is inadequate for the sector. The Cabinet Committee on Economic Affairs (CCEA) has approved a Rs 7,000 crore package to deal with the crisis in sugar industry (Rs 8,500 crore if the Rs 1,540 crore announced earlier is included) . A slump in prices following a glut in production has created around Rs 22,000 crore in pending...
Bitter relief measures for sugar mills
The relief package announced for cane mills has turned a damp squib. The promise of a 3-million-tonne buffer stock (for a year), fixing sugar floor price at ₹29/kg and incentivising ethanol capacity additions, have not cheered up sugar mills....
Sugar’s bitter harvest: How FRP and SAP raise the cost of production
With each bumper harvest, the stock of sugar grows far in excess of domestic consumption, this is what has happened over the last sugar season (2016-17) and the current one (2017-18)...
TN will not benefit from sugar package, CM tells PM Modi
The Centre's sugar mills package would not benefit Tamil Nadu which required specific measures such as interest subvention to ease the financial strain faced by the sector, Chief Minister K Palaniswami today said....