Page 6 - Sugar

Centre may wait for sugar prices to correct before doling out sops

From doubling import duty to fixing the quota of sugar that mills can sell in the open-market, the government has tried it all

Sugar stocks extend fall on concerns of record output

Balrampur Chini Mills, Avadh Sugar & Energy and Dalmia Bharat Sugar and Industries were down 10% on the BSE.

Govt mulls scrapping export duty on sugar in view of falling domestic price

FCI likely to save Rs 1,600 per year on grain procurement post-GST

Govt fixing sugar release quota for mills to arrest falling prices

Move comes days after govt doubled import duty on sugar to 100%, from existing 50% to check cheap imports from Pakistan

Import duty on sugar may be hiked to 100% to protect farmers: Food ministry

India's sugar production estimate has been revised upward by 4 per cent to 26.1 million tonnes in the current 2017-18 marketing year (October-September)

Sugar shares gain; Thiru Arooran, Kesar Enterprises, Uttam Sugar up 8%

Mawana Sugars, Triveni Engineering Industries, Shree Renuka Sugar and Simbhaoli Sugars were up more than 5% on the BSE.

Govt allows import of 3 lakh tonne sugar at 25% duty

Govt in April allowed duty-free import of 5 lakh tonnes of raw sugar to boost domestic supply

Sugar output may rise 24.2% to 25.1 mt in FY18: Source

Higher output will help India to obviate import needs in the next season

World braces for a sugar shock

US cities from Oakland to Philadelphia have started taxing sugar-sweetened beverages

Sugar mills on debt reduction spree

Most sugar mills retire part of their debt, squeeze in margins on high cane cost

Sugar stocks gain on hike in import duty

Ugar Sugar, Sakthi Sugars, Thiru Arooran, Rajshree Sugars, KCP Sugar and Simbhaoli Sugar up 4%-7%

Sugar shares in focus; Shree Renuka surges 20%

Bajaj Hindustan, Ugar Sugar, Simbhaoli Sugars and Sakthi Sugar rallied more than 10% on BSE.

India could import more sugar as prices plunge, rupee strengthens

India is the world's biggest sugar consumer

Sweet talk: Sugar output seen jumping in Maharashtra

That jump would help push the country's sugar production back near consumption levels

Another 18 days for zero-duty raw sugar import

Centre extends deadline for companies and importers to import a total of 500,000 tonnes of raw sugar

Sugar shares in focus; Dhampur Sugar, Uttam Sugar up over 5%

Uttam Sugar, Dhampur Sugar, Rajshree Sugar and Dwarikesh Sugar were up in the range of 3% to 10%

Sugar output may dip 19%, says Icra

Icra said, domestic sugar consumption is expected to fall by 4% compared to SY16

South India might face sugar deficit this season due to lower output

Traders insist on meeting shortage through supply from other states

Sugar could remain subsidised for poor families

To support the poor, the Central government is expected to continue with subsidized sale of sugar to over 2.5 crore Antodaya Anna Yojana (AAY) families bearing a financial burden of around Rs 550 crore per year.Officials said the finance ministry seems to be amiable to a suggestion from the ministry of food for continuation of sugar subsidy for AAY families as they are amongst the poorest of the poor. A formal cabinet note could be prepared soon.The Centre had scrapped the subsidy on sugar amounting to Rs 4,500 crore in 2017-18 Union Budget. The subsidy was granted to enable states distribute cheap sugar to below poverty line families. The explanation for scrapping the subsidy was that after implementation of National Food Security Act (NFSA), the APL-BPL bifurcation got diminished and states were unable to provide details of extent of sugar subsidy that they incurred on BPL families. This lead to allegation of diversion of subsidy. The government annually distributes around 2.7 ...

Not so sweet

A year of lower production and Isma's revised projections kept prices firm