Tag Archives: sugar mills

Indian mills need to export more sugar without subsidy: Official

India’s mills need to export 6 to 7 million tonnes of sugar without government incentives in 2021/22 to bring down inventories and ensure domestic prices remain firm despite surplus production, a government official said. Sugar exports by the world’s second-biggest … Continue reading

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Government raises ethanol price for blending in petrol by 25%

The government on Wednesday approved an over 25 per cent hike in the price of ethanol produced directly from sugarcane juice for blending in petrol in a bid to cut surplus sugar production and reduce oil imports. The Cabinet Committee … Continue reading

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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. Experts say … Continue reading

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government finances | Punjab releases Rs 349.50 crore for GPF, Verka plant and cycle valley project

CHANDIGARH: The Punjab Finance Department has released Rs 349.50 crore on account of General Provident Fund (GPF), Cooperative Sugar Mills, Verka Dairy Plant, Bassi Pathana besides the development of hi-tech Cycle Valley Project at village Dhanansu in Ludhiana district. Disclosing … Continue reading

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Agriculture | Cabinet to discuss sugar bailout package on Wednesday

After announcing a higher price for ethanol manufacturers last week, the government is now expected to come out with a bailout package for sugar sector. The cabinet is likely to discuss various incentives for sugar industry which has been struggling … Continue reading

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Agriculture | Sugar prices rise 10% as government lowers sales quota for July

Sugar prices have jumped by about 10% over past five days after the central government kept the quantity of sweetener sugar mills can sell in open market in July lower than normal monthly limits and industry expectations. According to traders, … Continue reading

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Agriculture | Cabinet okays Rs 5,500-crore package to sugar industry

In third incentive package for sugar mills in four months, the Union government Wednesday announced a Rs 5,500 crore package for the sugar industry, including over two-fold jump in production aid to cane growers and transport subsidy to mills for … Continue reading

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Agriculture | TN sugar mills seek help from state government to combat adverse business scenario

CHENNAI: Tamil Nadu sugar mill owners and representatives have met Chief Minister Edappadi K Palaniswami seeking financial assistance and certain decontrol measures in the operations of sugar mills to tide over what they regard as “distressing” crisis following five years … Continue reading

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Agriculture | Maha sugar mills owe cane farmers Rs 2,500 cr due to low sales

The crashing of sugar prices in the wholesale market, and lower sales, has resulted in mills owing Rs 2,500 crore to cane cultivators across Maharashtra, an official from the state cooperation department said. “As per the Fair and Remunerative Price … Continue reading

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Agriculture | Maharashtra sugar commissioner initiates recovery proceedings against sugar mills to pay farmers

PUNE: About 2,000 sugarcane farmers under the banner of the Swabhimani Shetkari Sangathana camped outside the office of Maharashtra‘s sugar commissioner on Monday, seeking state intervention to ensure sugar mills pay their dues of Rs 5,320 crore accumulated till date … Continue reading

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