UP State produced 62.71 lakh tonnes of sugar

Daily Pioneer – 15 February 2018: Uttar Pradesh has produced a record 62.71 lakh tonnes of sugar during the current sugarcane crushing season with a recovery of 10.35 per cent – the highest in recent years. A government spokesman said…

Plea to maintain sugar prices at steady levels

India Today – 15 February 2018: A section of the sugar industry has sought government intervention to maintain ex-factory prices at a fair level so that it did not fall below the cane purchase prices to prevent a huge outstanding…

Balrampur Chini Mills Ltd’s Q3FY18 standalone net profit declines 64.94% yoy to Rs61.42cr

Indiainfoline – 9 February 2018: Balrampur Chini Mills Ltd’s revenue for Q3FY18 came in at Rs1,001.91cr, up by 6.9% yoy. The operating profit for the quarter came in at Rs109.41cr, which declined significantly 55.6% yoy. The EBITDA margin contracted by…

Govt fixing sugar release quota for mills to arrest falling prices

Business Standard – 8 February 2018 The Centre is looking to cap the amount of sugar mills can sell in the open market. This is to prevent sugar prices from falling sharply, which, in turn, would help mills in making…

Sugar firms up on sustained demand

BW Businessworld – 6 February 2018, Mumbai Prices of both varieties of sugar firmed up at the Vashi wholesale market here today on sustained demand from stockists and bulk consumers. Small sugar (S-30) gained further by Rs 6/20 per quintal…

Food ministry proposes hike in sugar import duty to 100%

Economic Times – 5 February 2018, NEW DELHI: The food ministry has proposed doubling of the import duty on sugar to 100 per cent to curb cheaper imports, check falling wholesale prices of sweetener and ensure timely payment to cane…

Sugar recovers on renewed demand

Outlook India – 2 February 2018: Both varieties of sugar prices recovered at the Vashi wholesale market here today on renewed demand from stockists and bulk consumers. Small sugar (S-30) edged up by Rs 2 per quintal to Rs 3,012/3,106…

Food ministry pushes for 100% duty on sugar imports

Times of India – 1 February 2017, NEW DELHI: Apprehending import of cheaper sugar from Pakistan, the food ministry has pushed for 100% import duty on the sweetener. Currently, import duty on sugar is at 50%. Pakistan has hiked the…

Sugar production in Uttar Pradesh increased by 23%

Outlook Publishing – 30 January 2018: पहलीअक्टूबर 2017 से शुरू हुए चालू पेराई सीजन 2017—18 में 29 जरवरी 2018 तक उत्तर प्रदेश में चीनी का उत्पादन 23 फीसदी बढ़कर 52.90 लाख टन हो चुका है जबकि पिछले पेराई सीजन की…

Govt may allot Rs 500 cr for sugar development fund in Budget

Economic Times – 24 January 2018, NEW DELHI: The government may marginally raise the corpus for Sugar Development Fund (SDF) to Rs 500 crore in the upcoming Budget for 2018-19. SDF, managed by the food ministry, is used for lending…