PM favours export of surplus sugar, ethanol blending

Last Updated: Saturday, August 1, 2015, 21:29

Prime Minister Narendra Modi on Saturday favoured raising sugar exports to liquidate surplus stocks because of low domestic demand that has led to a huge cane arrears of over Rs 14,000 crore to farmers.

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.

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.

Sugar stocks see sweet gains on CCEA's nod to export subsidy

Last Updated: Friday, February 20, 2015, 18:04

Sugar stocks on Friday gained up to 3.2 percent after the government approved subsidy on export of up to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.

Sugar stocks hog limelight; surge up to 9%

Last Updated: Thursday, December 18, 2014, 18:25

Sugar stocks Thursday surged up to 9 percent after the government ratified the methodology used for fixing the export subsidy on raw sugar during April-September period of the 2013-14 marketing year.

Sugar stocks gain ground; rise as much as 3%

Last Updated: Thursday, December 26, 2013, 17:45

Shares of Sakthi Sugars jumped 2.56 percent, while Bajaj Hindusthan gained 2.33 percent at the BSE.

Sugar stocks rally after GoM recommend slew of incentives

Last Updated: Friday, December 6, 2013, 18:54

Sugar stocks Friday gained as much as 10.4 percent after an informal group of ministers, headed by Agriculture Minister Sharad Pawar, recommended a slew of incentives for the industry.

Sugar stocks surge as supplies from Brazil gets disrupted

Last Updated: Tuesday, October 22, 2013, 18:34

Global sugar futures prices are trading near the strongest level since October 2012 as ongoing concerns over a disruption to supplies from Brazil continued to drive prices higher.

Sugar stocks surge as govt plans to hike import duty to 15%

Last Updated: Friday, July 5, 2013, 14:14

Sugar stocks on Friday rose by over 5 percent on reports that the government plans to increase import duty to 15 percent from the current 10 per percent.

Sugar stocks rise on Rangarajan's panel report on decontrol

Last Updated: Friday, October 12, 2012, 19:03

Shares of sugar companies on Friday soared as much as 5 percent after the the Rangarajan Committee suggested de-control of the industry by giving freedom to mills to sell their produce in open market.

Sugar stocks reverse early gains; settle with losses

Last Updated: Tuesday, March 6, 2012, 11:59

Shares of sugar companies with large operations in Uttar Pradesh reversed their initial gains and settled with losses in a highly volatile market Tuesday.