India to start new sugar season with 37% higher stocks: Industry Body

Last Updated: Wednesday, June 3, 2015, 15:52

The world`s second-biggest sugar producer is likely to export mere 700,000 to 800,000 tonnes of the sweetener in the current season ending September despite producing nearly 28 million tonnes, the Indian Sugar Mills Association said in a statement.

HC orders payment of 75% of sugarcane farmers' dues by July 15

Last Updated: Thursday, May 28, 2015, 00:04

The Allahabad High Court today directed Uttar Pradesh government to ensure that sugarcane growers in the state were paid 75 per cent of their dues by July 15 and that legal action was taken against Directors of those sugar mills which failed to pay up in compliance with the order.

Sugar output up 16%; cane arrears cross Rs 21,000 cr

Last Updated: Monday, May 18, 2015, 18:11

India's sugar production rose by 16 percent to 27.84 million tonnes (MT) till May 15 of the current marketing year that started in October last year, resulting in sweetener's low prices and huge cane arrears to farmers at over Rs 21,000 crore.

Pawar raises woes of sugar industry with PM

Last Updated: Monday, May 11, 2015, 21:12

Worried at cane arrears to farmers mounting to Rs 21,000 crore, NCP chief and former Agriculture Minister Sharad Pawar Monday led a delegation to Prime Minister Narendra Modi demanding that the Centre create sugar buffer stock to bail out cash-starved mills.

Govt shelves duty free import scheme for raw sugar

Last Updated: Saturday, May 2, 2015, 18:52

The scheme has been withdrawn also to prevent leakages in domestic markets.

ISMA wants govt to buy surplus sugar stock to end crisis

Last Updated: Wednesday, April 29, 2015, 18:06

Government's decision to hike import duty on sugar and remove excise duty on ethanol will help millers only in the long run and it should buy 10 percent of the sweetener produced this year to help clear cane arrears, sugar industry body ISMA said on Wednesday.

CCEA okays hike in sugar import duty to 40%

Last Updated: Wednesday, April 29, 2015, 15:42

The Centre had in August last year hiked the import duty on both raw and refined sugar to 25 percent from 15 percent.

Govt hikes import duty on sugar to 40% from 25%

Last Updated: Wednesday, April 29, 2015, 14:07

Sugar production of India, the world's second largest producer, is estimated to be higher than the domestic consumption for the fifth year in a row this season.

Govt relaxes norms for sugar exports to EU, US

Last Updated: Tuesday, April 28, 2015, 19:44

With government relaxing norms, any trader or entity can export sugar to the European Union and the US under quota systems, which entitles shipments to enjoy low tariff.

Gadkari, Pawar to discuss sugar industry crisis with Jaitley

Last Updated: Saturday, April 25, 2015, 20:09

Union Minister Nitin Gadkari on Saturday said he and NCP president Sharad Pawar will call upon Finance Minister Arun Jaitley to discuss the crisis facing the sugar industry.

Sugar output up 15% so far in 2014-15; prices at 7-year low

Last Updated: Thursday, April 16, 2015, 18:34

India's sugar production rose by 15 percent to 26.35 million tonnes so far during the current marketing year, resulting in fall of ex-factory prices to seven-year low and a surge in cane arrears to nearly Rs 20,000 crore.

'25% of debt-ridden sugar mills unlikely to operate next year'

Last Updated: Wednesday, April 15, 2015, 19:18

Sugar industry apex body ISMA today said that about 25 per cent of over 500 mills in the country may not be in a position to start crushing operations next marketing year starting October 2015 due to huge debt and banks' reluctance to provide fresh loan.