Cane arrears rise to Rs 14k cr till Jan; may touch record by month-end: ISMA
Cane arrears had increased to Rs 14,000 crore till January and might touch a record level by the end of this month because of fall in sugar prices and huge unsold inventories, industry body ISMA said today.
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Sugar bears come out to play as surplus swells on Asia harvests
Sugar Supplies are booming thanks to the outlook for record harvests in India and Thailand, the world's No. 2 exporter
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U.P. sugar mills owe ₹6,500 crore to farmers
The sugarcane farmers of Uttar Pradesh are yet to receive ₹6,499.22 crore arrears from sugar mills in the current crushing season. Private and corporate-owned mills top the list of companies that are yet to pay farmers the full price.
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Thai sugar cash premiums crash on looming supply overhang
Cash premiums for Thai raw and refined sugar has crashed due to a global supply overhang, with record cane production expected in Thailand and India.
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Centre may soon mandate mills to export surplus sugar to prop-up prices
Explosion in supply has pushed sugar prices lower. This poses a problem for the mills, as they are supposed to pay a minimum price to the sugar cane farmers
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Sugar Bears Come Out to Play as Surplus Swells on Asia Harvests
(Bloomberg) -- There’s about to be enough sugar piled up in warehouses to make three chocolate cakes for every person in the world, and that’s got the market spooked.
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Sugar prices tumble on ample stocks; weak demand
Sugar prices nose dived by Rs 100 per quintal at the wholesale market in the national capital today, dragged down by mounting stocks following relentless supplies from mills amid muted demand form bulk consumers.
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Food Ministry for zero export duty on sugar
The Finance Ministry has been asked to lower the existing export duty on sugar to zero in the wake of bumper domestic production..
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SUGAR PRICES TUMBLE ON AMPLE STOCKS, WEAK DEMAND
Outlook India– 15 March 2018: Sugar prices drifted down by Rs 100 per quintal at the wholesale market in the national capital today
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Exclusive: India to force mills to export 2-4 mln tonnes of surplus sugar
MUMBAI/NEW DELHI (Reuters) - India will soon bring in rules to force sugar mills to export millions of tonnes of surplus supplies to prop up local prices, a move that could drag down global rates, which have hovered near 8-1/2 month lows.
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