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Raw sugar imports may check price hike in festive season: ICRA
The government decision to permit raw sugar import of 0.30 million MT at a concessional duty of 25 per cent may supplement sugar supplies in the sugar deficit southern and western states and also benefit consumers from possible price shocks during the forthcoming festive season, a report said.
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Sugar prices fall on higher stocks, low demand
Sugar prices weakened by Rs 35 per quintal at the wholesale market in the national capital today due to bumper stocks following increased supplies against muted demand from bulk consumers as well as retailers.
Marketmen said fall in offtake by stockists and bulk consumers amid relentless supplies from mills mainly led to the fall in sweetener prices.
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Imported sugar to get cheaper in south India
In Tamil Nadu, sugar is priced Rs 1.50-2 a kg more than that in Maharashtra due to supply shortage With...
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New India Assurance tops in claims settlement ratio
According to a report prepared by the Insurance Brokers Association of India (IBAI), the settlement efficiency is not skewed towards any particular segment of the industry. Each of the three segments — public, large private and small private — have leaders and laggards. The IBAI has published a handbook measuring efficiency parameters for non-life companies as of September 2016 to enable customers to take informed decisions while choosing companies.
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‘Sugar production likely to go up by 24% this year’
India's sugar production is estimated to go up by almost 24 per cent to 25.1 million tonnes in sugar year...
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Govt allows southern mills to import 3 lakh tonnes raw sugar
The government on Thursday allowed the import of 3,00,000 tonnes of raw sugar to tide over the shortage of the sweetener in the South Indian States.
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