Over 51 lakh units of power supplied by sugar mills in Haryana
More than 51.17 lakh units of electricity have so far been supplied by two cooperative sugar mills to state power utilities in Haryana during the current crushing season. Stating this here today, an official spokesman said that while Rohtak sugar mill supplied over 27.82 lakh units, Shahbad cooperative sugar mill supplied over 23.34 lakh units of electricity. ...
Sugar mills see bumper crop, want curbs on stocking to go
The Indian Sugar Mills Association (ISMA) on Monday requested the Central government to relax stockholding limits it had imposed on traders as there were early indications of a bumper production in the current crushing season. The stockholding limits are in force till December 31 this year....
Selling pressure drags sugar
Sugar prices continued to decline on back of selling pressure from producers. Prices at Vashi dropped further by₹30-40 a quintal in line with lower prices at naka level. At mill level prices declined by ₹20-30. As new arrivals started and mills were keen to ease their old stocks, the undercurrent of the market remained weak....
Sugar prices down; mills want stock limits to be lifted
The 2017-18 season's opening stock is estimated at 3.9 mt. 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...
Sugar production up 79% at 1.37 million tonnes till Nov 15: ISMA
The country's sugar production has touched 13.73 lakh tonne (lt) till November 15 of the ongoing 2017-18 season, up 79 per cent from the year-ago period, Indian Sugar Mills Association (ISMA) said today.ISMA has pegged the output at 25.1 million tonne in 2017-18 season as against 20.2 million tonne in the last sugar season (October-September)....
Sugar prices remain quiet on scattered buying
There was no change in the pattern of trading at the wholesale sugar market at the national capital today with prices continuously moving in a tight range on limited bouts of buying and selling, ending at previous closing levels. According to marketmen, scattered buying and selling activities mainly kept sweetener prices unchanged. ...
Sugar prices end steady on scattered buying
Sugar prices settled steady at the wholesale market in the national capital today on sporadic demand and adequate stocks. Marketmen said besides sufficient stocks, scattered buying by stockists and bulk consumers for the ongoing marriage season kept sweetener prices unaltered. ...
75 mills starts cane crushing in current season
The Uttar Pradesh government today said that cane crushing has started in 75 sugar mills as compared to 37 mills last year. "After directives of Chief Minister Yogi Adityanath for ensuring timely operation of sugar mills, Cane Department has succeeded in starting of cane crushing in 75 sugar mills whereas only 37 Sugar mills operated last year till this day," Commissioner Cane, Sanjay Bhoosreddy said. ...
Sugar futures down 1.81% on adequate stocks position
Sugar prices moved down by 1.81 per cent to Rs 3,250 per quintal in futures trade today as speculators reduced exposure, triggered by ample stocks at spot market against lower demand. At the National Commodity and Derivatives Exchange, sugar for delivery in December drifted down by Rs 60, or 1.81 per cent to Rs 3,250 per quintal with an open interest of 200 lots. ...
Ind-Ra: Sugar Industry in a Sweet Spot, but Cane Pricing Issues Linger
India Ratings and Research (Ind-Ra) expects sugar prices to remain firm for the majority of SS 2017-18, despite higher production and depressed global prices. Ind-Ra believes that the sugar prices will continue to be supported by high import duties and depleted sugar stocks....