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Sugar Crisis: Drought hits Maharashtra sugarcane production by 40 pct
Tue, Jun 11, 2019
On account of water crisis hitting the sugarcane production to the tune of 40 pct, the Maharashtra government is going to miss its target of sugar production of 5 million tonne. Industry insiders are of the opinion that it will have impact on the sugar production next year as current year is facing surplus supply than demand.
Sugar Mills Facing Problems selling Sugar on MSP
Mon, Jun 03, 2019
sugar mills are under intense pressure, because sugar mills are facing a cash crunch as they also have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar.
Sugar MSP rises to Rs 31 per kg, set to sweeten margins
Tue, Feb 26, 2019
Increase in minimum support price could improve the operating margin parameter of several sugar mill companies in sugar season, a Crisil report said. “Raw material cost as a proportion of sugar sales increased to about 90% in the current season following an uptick in the Fair and Remunerative Price of sugarcane, and subdued sugar prices owing to oversupply both locally and globally,” the report added.
Kitchen alert! This daily use item has now become costlier - Here is why
Fri, Feb 15, 2019
Is there any family where sugar is not consumed as a daily-use item? Answer is probably NO. And, now the central government has announced that sugar mills cannot sell the sweetener below Rs 31 per kg.
Sugar output up 2.1pc at 7.05 mln tons till Dec 15
Tue, Dec 18, 2018
Sugar production has increased by 2.1 per cent to 7.05 million tonnes till December 15 of the current marketing year, the Indian Sugar Mills Association (ISMA) said Tuesday.
Rural incomes: Farmers shifting to safer paddy, sugarcane from riskier crops
Fri, Oct 19, 2018
Better days are ahead for the farmers as rural incomes are forecast to rise faster given the increasing shift to safer crops like paddy and sugarcane in anticipation of further hike in minimum support prices (MSP) and other government doles.
Grub infestation may be the fix to India''s sugar problem its farmers do not want
Wed, Oct 17, 2018
India may have found a fix to its sugar problem but the answer will not make its cane farmers happy. After a bumper crop, sugar stockpiles in the country, the world`s second-largest producer of the sweetener, have more than doubled since last year.
Bitter harvest for sugar mills, cash crunch blamed
Wed, Jun 13, 2018
To address the liquidity issues of sugar mills and enable payment of accumulated arrears, the government recently announced a number of measures but sugar mills' profitability will remain under pressure a Crisil report said.
India scraps 20 pct sugar export tax to boost boost overseas sale, cut inventory
Tue, Mar 20, 2018
Shares of sugar companies such as Balrampur Chini Mills Ltd, Dalmia Bharat Sugar and Industries Ltd and Shree Renuka Sugars Ltd rose by as much as 5 percent on Tuesday afternoon after the announcement. The move to scrap the tax helps to improve local sentiment, but lower global prices could make it difficult for India to sell on the world market, said a Mumbai-based dealer with a global trading firm who was not authorised to speak to media.
Higher price or lesser quantities: What will FMCG companies do to beat inflation this summer?
Tue, Mar 07, 2017
Nearly 15 years ago a pack of Lay's would get you 50 grams potato chips in it. With rising prices and other factors, PepsiCo kept the price of the pack constant at Rs 10 but the quantity of potato chips in it fell. Today, a Rs 10 pack of Lay's has 35 grams of potato chips in it.
India sugar output forecast to drop to lowest in seven years
Wed, Jan 25, 2017
India`s sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 % lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.
Pepsi to cut sugar, salts, fat to make products healthier
Mon, Oct 17, 2016
It also added at least three-quarters of its global foods portfolio volume will not exceed 1.3 milligrams of sodium per calorie.
No need for sugar imports from next year: ISMA
Wed, Sep 28, 2016
"With carry over stock of 75 lakh tonnes from 2015-16 SS and expected sugar production of 234 lakh tonnes in 2016-17, there will be enough sugar available in 2016-17 SS to meet the domestic demand of about 256 lakh tonnes (considering a demand growth 2.5%) in the next season. There will be carry forward stocks of around 52 lakh tonnes for 2017-18 sugar season, as on 1 October, 2017."
India's sugar output likely to fall 7% in 2016-17: ISMA
Sat, Jul 09, 2016
The country's sugar production is estimated to have fallen to 7.33% to 232.6 lakh tonnes in the next marketing season of 2016-17 (October-September).
Govt imposes 20% export duty on sugar to boost domestic supply
Fri, Jun 17, 2016
The move comes at a time when prices have surged sharply in various commodities including tomato, wheat and pulses.
Government imposes 20% tax on sugar export
Thu, Jun 16, 2016
India has imposed a 20 % tax on sugar exports to keep a lid on domestic prices, the government said on Thursday, a move that is likely to boost global prices of the sweetener.
Sugar turns bitter as inflation shocks
Fri, May 13, 2016
Retail inflation has gone up for the first time since January this year. The real culprit, however, is sugar and vegetables.