Sugar tale of two states: Sops to benefit Maharashtra mills, UP has to wait
The government recently took measures such as creating a buffer stock and re-introducing release order mechanism
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Sugar recontrolled: Food department brings back quota system, stokes fears of licence raj
The department of food has reintroduced the monthly sugar sales quota system that was abolished in 2013, stoking panic among mills that view the move as a throwback to the licence raj era.
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Sugar caught in bear grip
Delivery orders reselling by wholesalers amid producer’s selling pressure kept sugar prices at Vashi down by ₹15-25 on Thursday. Naka rates to be eased further by ₹10-20.
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Select millgate sugar weakens on muted demand
Select millgate sugar prices declined by up to Rs 30 per quintal at the wholesale sugar market in the national capital today owing to slackened demand.
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Rs 70-bn gift not sweet enough? Sugar mills seek 25% hike in ethanol prices
The sugar package is certainly going to benefit distilleries in the long run, provided ethanol price is increased by 1.5 times, an industry insider said
Sugar mills have sought 25 per cent increase in ethanol prices for the next season for a smooth production of sugar directly from cane juice.
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Bears corner sugar market
Higher reselling and selling pressure for delivery orders amid producers selling at lower rates kept the sugar market bearish on Wednesday. On Tuesday about 16 mills sold 44,000-45,000 bags at lower rates ₹2,980-3,060 for S-grade and ₹3,060-3,180 for M-grade. Naka delivery rates were: S-grade ₹3,120– 3,230 and M-grade ₹3,170-3,330.
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Sugar weakens on reduced offtake, ample stocks
Sugar prices drifted lower by Rs 20 per quintal at the wholesale sugar market in the national capital today due to reduced offtake against sufficient stocks position.
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Small sugar slips in lacklustre trade
Small sugar prices slipped in an
otherwise lacklustre Vashi wholesale market here today post sluggish demand from stockists and retailers.
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Sugar remains muted in thin trade
There was not much activity at the wholesale sugar market in the national capital today with prices moving in a narrow range in scattered deals and settled at previous levels.
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Govt wants to ease process of purchasing ethanol: Pradhan
Oil Minister Dharmendra Pradhan has promised to ease the process of purchasing sugarcane-extracted ethanol for doping in petrol, a move that will help farmers get better price for the crop and cut the country's dependence on oil imports.
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