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India approves subsidy for cane farmers to help sugar mills: source
NEW DELHI (Reuters) - India's cabinet on Wednesday approved a proposal to help sugar mills by paying the cane farmers that supply them a subsidy for their produce, a government source said, as part of efforts to help a sector struggling with a glut.
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Govt approves Rs 5.5 per quintal subsidy for sugarcane farmers
The government today approved a production subsidy of Rs 5.5 per quintal for sugarcane farmers to help cash-starved millers clear cane arrears that have surged to about Rs 20,000 crore due to sharp fall in sugar prices on record production.
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NEW DELHI (Reuters) - The Indian cabinet approved on Wednesday a proposal to give subsidies to cane farmers for produce they sell to sugar mills, a government source said, as part of efforts to help growers and companies struggling with a glut.
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Sugar games
The Centre should adopt the Rangarajan panel’s recommendations and link FRP for sugarcane to realisations from sugar and by-products
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Sugar production in India set to reach record highs
Sugar production is set to exceed the country’s annual demand by 6.5 million tons, compared with the March estimate of 4.5 million tons.
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Govt support crucial to achieve sugar export target, says ICRA
Support from the government will be crucial to achieve the targeted sugar exports as the current low global prices could render shipments unremunerative for the sugar mills, credit rating agency ICRA said in a statement on Thursday.
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UP sugar mills complain of threats from politicians
In a letter to chief minister Yogi Adityanath, the Uttar Pradesh Sugar Millers Association has said that such unlawful activities by the political elements have been reported in as many as five sugar factories.
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Sugar flat in routine trade
Sugar prices ruled unchanged on Thursday on routine demand, supply and volumes. Expectation of cess on the sweetener snapped the bearish trend which was in place for almost a month.
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Sugar prices steady on small buying interest
Sugar prices today closed flat at the wholesale market here following adequate stocks and sporadic demand from bulk consumers.
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Sugar hits the bottom
After witnessing a continuous decline for over eight weeks, sugar prices at the Vashi wholesale market ruled steady as there is no room for further drop. Producers’ parity is around ₹3,400 per quintal and they are currently selling at ₹2,550-2,700 resulting in huge loss. Higher production, surplus stock, bleak chances of exports are the main factors for the bearish trend, said an analyst.
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Low International Sugar Prices to Hinder MIEQ Implementation, Necessitates Further Incentives for Millerss
India Ratings and Research (Ind-Ra) believes while the Minimum Indicative Export Quota (MIEQ) is the need of the hour for the Indian sugar industry, domestic millers will need more incentives to be able to export sugar because of the weak sugar prices in the international market amid a global supply glut.
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Sugar prices plunge on bumper stocks, thin demand
Sugar prices went down by Rs 55 per quintal at the wholesale market in the national capital today following bumper stocks amid weak demand.
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