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Mills cut sugar exports as local prices rally
India is likely to export around 500,000 tonnes or just a quarter of the volume mandated by the government for overseas sales in the 2017-18 season amid higher prices at home, industry officials told Reuters.
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Govt to subsidise finance and insurance cost for sugar buffer stock
Charges will be reimbursed to mills at Rs 29 per kg of sugar price, as opposed to the all-India average cost of production of Rs 35-36 a kg
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Indian mills slash sugar exports as local prices rally
Lower shipments from the world's second-biggest sugar producer could support global prices, but would increase India's opening stocks for the next marketing season when output is expected to surge to a record.
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Mahua goes mainstream: Goa’s alcohol man taps into flower power
If everything Midas touched turned to gold, in the case of the 60-something Desmond Nazareth, everything he touches, including, agave, sugarcane and now mahua, seems to transform into distilled alcohol.
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Select sugar prices up on scattered millers’ buying
Select millgate sugar prices rose by up to Rs 60 per quintal at the wholesale market in the national capital today on mild enquiries from millers.
Marketmen said rise in prices of their products by some millers mainly pushed up select millgate sugar prices.
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GST Council’s bitter sugar cess
The sugar industry is in the middle of a severe crisis. The surplus production of sugarcane has led to a downward spiral in the price of sugar. Mill owners are in need of financial assistance, causing them to default on dues to farmers.
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Sugar tale of two states: Sops to benefit Maharashtra mills, UP has to wait
The government recently took measures such as creating a buffer stock and re-introducing release order mechanism
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Sugar recontrolled: Food department brings back quota system, stokes fears of licence raj
The department of food has reintroduced the monthly sugar sales quota system that was abolished in 2013, stoking panic among mills that view the move as a throwback to the licence raj era.
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Sugar caught in bear grip
Delivery orders reselling by wholesalers amid producer’s selling pressure kept sugar prices at Vashi down by ₹15-25 on Thursday. Naka rates to be eased further by ₹10-20.
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Select millgate sugar weakens on muted demand
Select millgate sugar prices declined by up to Rs 30 per quintal at the wholesale sugar market in the national capital today owing to slackened demand.
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Rs 70-bn gift not sweet enough? Sugar mills seek 25% hike in ethanol prices
The sugar package is certainly going to benefit distilleries in the long run, provided ethanol price is increased by 1.5 times, an industry insider said
Sugar mills have sought 25 per cent increase in ethanol prices for the next season for a smooth production of sugar directly from cane juice.
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Bears corner sugar market
Higher reselling and selling pressure for delivery orders amid producers selling at lower rates kept the sugar market bearish on Wednesday. On Tuesday about 16 mills sold 44,000-45,000 bags at lower rates ₹2,980-3,060 for S-grade and ₹3,060-3,180 for M-grade. Naka delivery rates were: S-grade ₹3,120– 3,230 and M-grade ₹3,170-3,330.
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