Sugar surges on govt package
Sugar prices shot up at mill level by ₹140-150 a quintal after the government’s announcement of ₹7,000-crore bail-out package for the sector .
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No mill can sell sugar below Rs 29/kg: Govt order
The government today notified its decision to fix the ex-factory sugar price at Rs 29 per kg as well as the monthly stock holding limit on mills as part of measures to help cash-starved industry to clear cane arrears which have crossed Rs 22,000 crore.
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Sugar package: TN mills hail move but need sugarcane pricing to be linked to cost of sugar
The sugar industry in Tamil Nadu has welcomed the support package approved by the Cabinet but these will only partly address the challenge of sugarcane arrears to farmers. The only long-term solution is to link sugarcane pricing to the cost of sugar and move away from the practice of setting an artificial, mandatory price for the crop.
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Sugar zooms post 8,500 cr package announcement
Sugar prices advanced by Rs 100 per quintal at the wholesale market in the national capital today on immense buying by stockists and bulk consumers amid thin supplies from mills, after the announcement of Rs 8,500 crore package by the government for the beleaguered sugar mills and farmers.
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Stimulus does not address structural problems of sugar sector: Crisil
The bailout package announced for the sugar industry will clear only 40 per cent of the accumulated arrears of ₹22,000 crore and may slightly offset the losses that sugar mills would have otherwise incurred, according to rating agency Crisil.
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Cabinet approves Rs 8,500-cr bailout package for sugar industry
Days after the BJP lost election in sugarcane belt of UP, the Centre today announced a Rs 8,500 crore package to boost farmers' income by creating a buffer stock for sugar, enhancing ethanol production capacity and fixing a minimum selling price to cut mill losses.
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Rs 7,000-crore bailout package for sugarcane farmers
The Cabinet on Wednesday approved a Rs 7,000-crore bailout package and set the minimum selling price for sugar at Rs 29 per kg to support the struggling sector, a Union Minister said.
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MSP of sugar at Rs 29/kg inadequate: Industry bodies ISMA, NFCSF
The minimum selling price of sugar fixed by the centre at Rs 29 per kg is inadequate and does not cover production cost, making it difficult for millers to clear huge cane arrears, say sugar industry bodies ISMA and NFCSF.
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Cabinet approves interventions to resolve sugar sector crisis
To improve the problem of liquidity of sugar mills resulting in accumulation of huge cane price arrears of farmers, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved measures involving a total amount of about Rs. 7000 crore.
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Sugar gains on higher offtake
Sugar prices at the Vashi wholesale market witnessed a sharp jump on the back of ₹7,000-crore bailout package coupled with increased offtake by bulk consumers amid tight supplies.
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