Sugar industry fears strain as UP, Maharashtra look to revive defunct mills
HYDERABAD: The sugar industry fears pressure on capacity utilisation even as the country's largest sugar-producing states Uttar Pradesh and Maharashtra attempt to revive dozens of defunct sugar mills. Maharashtra is looking to revive 40 defunct mills.
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Mixed trend in sugar
Sugar prices at Vashi declined by ₹5-10 a quintal for S-grade and ruled steady for M-grade on eased demand amid normal supply. Naka and mill tender rates were unchanged on limited demand. As supply from mills and stocks available at Vashi remained enough, stockists stayed away from fresh bulk buys and market remained under pressure.
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Sugar ends lower on ample stocks, selective buying
Sugar prices softened by Rs 20 per quintal at the wholesale market in the national capital today following ample stocks against scattered demand. Marketmen said reduced offtake by stockists and bulk consumers following end of festive season demand amid ample availability of stocks on relentless arrivals from mills, dragged down sweetener prices.
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Slack demand dissolves sugar
Sugar prices at Vashi declined by ₹10-15 a quintal on Monday as freight rates came down to a normal level amid slack demand. Naka rates eased by same margin on selling pressure. Transportation changes due to last moment lifting before Diwali shot up by ₹25-30 recently has came down normal level, pushing spot-naka rates lower.
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TN sugar mills want govt to take pricing lessons from neighbours
The sugar industry in Tamil Nadu hopes the State government will shift to a pragmatic policy on sugarcane pricing from the current season. The State government has to emulate major sugar-producing States such as Karnataka, Maharashtra and Andhra Pradesh, which have shifted to a revenue-sharing formula based on sugar prices, say sugar mill representatives and farmers. A delegation, including farmers, visited Karnataka to study the working of the revenue-sharing model.
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UP Govt. to set up new sugar mills, modernise older ones: Adityanath
Gorakhpur (Uttar Pradesh)[India], Oct 16 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Monday said that new sugar mills will soon be set up and the present ones will be revamped and modernised to help the sugarcane farmers in the state.
Adityanath, who was addressing a gathering in Gorakhpur, also announced that a new sugar mill would be set up in the district in a span of one year.
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China intercepts invasive beetle species
Authorities in north China's Hebei Province have intercepted a live invasive beetle found in a shipment of goat skins from New Zealand. This is the first time the species have been detected and seized in China, state-run Xinhua news agency reported.
Heteronychus arator, commonly known as the African black beetle, is native to Africa and has invaded New Zealand and Australia.
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Sugar mills hoping for recovery in ethanol blending with petrol this year
After slowing down to a mere 2.5 per cent last year, sugar mills are hoping for a recovery in ethanol blending with petrol this year, due to a significant increase in cane output and thereby proportionate improvement in the availability of extra-neutral of alcohol (ENA). ENA is a derivative of sugar manufacturing and a pre-form of ethanol.
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Sugar prices slip on ample stocks
ugar prices fell by Rs 25 per quintal at the wholesale market in the national capital today on ample stock position on constant supplies amidst slackened buying by stockists and bulk consumers. Marketmen said mounting stocks in the market following non-stop supplies from mills amid muted buying by stockists as well as bulk consumers, led to fall in sweetener prices.
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Cheerless Diwali this year on cracker curbs, costlier veggies and sweets
With the Supreme Court banned the sale of firecrackers in the Delhi National Capital Region (NCR) and the Bombay High Court did it for Mumbai, costlier vegetables and sweets have done their bit to destroy the festival mood ahead of Diwali.
Following the apex court's verdict banning the sale of firecrackers across the NCR late last week, the Bombay HC ordered similar ban in Mumbai this week. The courts' verdicts have invited a nationwide debate in favour and against the ban.
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