Govt eases norms for sugar mills to borrow Rs 6,000 cr soft loan

Last Updated: Wednesday, August 12, 2015, 23:50

The government Wednesday eased norms for sugar mills to borrow soft loans of Rs 6,000 crore to help clear arrears of Rs 15,400 crore to sugarcane growers.

India contracts to export 50,000 tonnes sugar, first major deal in months

Last Updated: Friday, June 19, 2015, 20:02

Indian sugar mills have contracted to export 50,000 tonnes of white sugar to Sri Lanka, Myanmar, Afghanistan and Turkmenistan at USD 340-USD 345 a tonne, free on board, trade sources said, the first major deal in the past few months.

Sweet gains for sugar stocks; shares surge up to 13%

Last Updated: Wednesday, June 10, 2015, 18:54

Sugar stocks were in limelight Wednesday, surging up to 13 percent, after the government approved Rs 6,000 crore interest-free loan to sugar mills to help them partly clear cane price arrears to farmers.

CCEA okays Rs 6,000 crore interest-free loan to sugar mills

Last Updated: Wednesday, June 10, 2015, 15:02

The government on Wednesday approved Rs 6,000 crore interest-free loan to sugar mills to help them partly clear cane price arrears to farmers that have touched about Rs 21,000 crore.

Cabinet approves Rs 6,000 crore interest-free loan to sugar mills

Last Updated: Wednesday, June 10, 2015, 12:19

The Union Cabinet on Wednesday approved Rs 6,000 crore interest-free loan to sugar mills for making payments to cane farmers.

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.

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.

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.