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.

Working on policy for timely payment to cane growers: Paswan

Last Updated: Friday, July 3, 2015, 20:57

Concerned over Rs 20,000 crore of cane arrears to farmers, the government is preparing a long- term policy for the cash-starved sugar sector to ensure timely payment to growers.

PM meets sugarcane farmers from UP

Last Updated: Friday, June 19, 2015, 00:22

Prime Minister Narendra Modi on Thursday told a group of sugarcane farmers from Uttar Pradesh that his government is working with a vision of making the farmers and the villages self-reliant and prosperous.

Paddy sowing area up 13% this Kharif season

Last Updated: Friday, June 5, 2015, 19:53

Area under paddy coverage has increased by 13 percent so far in this Kharif sowing season to 3.46 lakh hectares and sowing operation?s are likely to pick up with onset of monsoon in Kerala Friday.

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.

'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.

States urged to liberalize restrictions on ethanol supply

Last Updated: Friday, February 20, 2015, 13:28

Minister of consumer affairs, food and public distribution Ram Vilas Paswan, has urged the states to liberlise restrictions on the supply of ethanol so that its blending with petrol can be encouraged to improve financial health of sugar sector and finally liquidation of cane dues of farmers.

Sugar mills make distress sales to pay farmers

Last Updated: Wednesday, February 11, 2015, 10:59

Without any government incentive, Indian sugar is uncompetitive in world markets well supplied by low-cost producers Brazil and Thailand.

Maharashtra seeks extension of subsidy on raw sugar exports

Last Updated: Saturday, January 17, 2015, 13:38

Maharashtra Chief Minister Devendra Fadnavis on Saturday met Union Food Minister Ram Vilas Paswan and sought extension of subsidy on raw sugar exports and hike in import duty on the sweetener to 40 percent to help cash-starved mills clear cane arrears to farmers.

Sweet sugar turns bitter for mill owners in 2014

Last Updated: Thursday, December 25, 2014, 15:31

Sugar remained sweet for consumers this year but turned bitter for mill owners who faced huge losses estimated at over Rs 3,000 crore and struggled to make payments to cane farmers due to sluggish sales realisation.

Sugar production up 47% to 42.25 lakh tonne so far this season

Last Updated: Wednesday, December 17, 2014, 20:35

India's sugar production rose by 47 percent to 42.25 lakh tonnes till December 15 of this marketing year, which started in October this year, leading to a fall in ex-factory prices of the sweetener.