Page 2 - Sugar Sector

Sugar consumption gets to pre-Covid level as hotels and restaurants open up

Demand has emerged from cold drink and ice creams makers that seek to fill pipeline inventory which got diminished during the lockdown due to factory closure and freight disruptions

Sugar sector eyes relief package from Centre amid Covid-19 headwinds

The sugar industry has estimated consumption to fall by 0.5 million tonnes (MT) in the current season owing to the lockdown and the steep fall in institutional sales of sugar

Sugar stocks rally; Balarmpur Chini Mills, Dhampur Sugar soar over 15%

With malls and restaurants being allowed to re-open from June 8, sugar demand is expected to rise

Windfall for sugar mills as Centre allows export of alcohol-based sanitiser

Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20

Falling short

New proposals will not solve the sugar sector problems

UP govt urges Centre, RBI to remove sugar sector from negative list

ISMA had also written to the different central government departments and the Prime Minister's Office (PMO) seeking a slew of reliefs for the beleaguered sector

UP is top ethanol producer after integration with sugar sector: Adityanath

The state produces more than 1,126 mn litres a year, CM claims

Promote oilseed production

Curbs on Malaysian palm oil import present a good opportunity

Double whammy for sugar mills: Late season hits income, OMCs plan action

Late start of season hits incomes while OMCs to take action for not delivering ethanol as committed

Sweetener for sugar exports: Forecast of global shortage offers fresh hope

This is because the Indian industry contending with brimming inventories has been given a mandate by the government to sell 6 mt in the world market

Yogi Adityanath warns defaulting sugar mills of auction proceedings

Uttar Pradesh sugar mills, mostly private, owe Rs 3,600 crore in sugarcane farmers' arrears

Flood-induced crushing delays lead to 65% drop in sugar production

Sugar mills contract for 1.4 million tonnes of exports in 2019-20 season

Balrampur Chini, Kothari Sugar: Is it the right time to buy sugar stocks?

The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters

Govt approves creation of 4 mn tonnes of sugar buffer stock during FY20

It also decided to keep Fair and Remunerative Price (FRP) of sugarcane unchanged at Rs 275 per quintal for 2019-20 marketing year

UP cooperative banks' sugar sector exposure stands at Rs 5,700 crore

Total advances included soft loans under Central, state schemes

Market-based solution: Sugar sector should adopt a revenue-sharing model

The total unpaid dues of farmers crossed Rs 160 billion in March-end