|6th June 2014: New govt mulling bailout package for sugar mills|
|To help the sugar sector clear its cane dues, the food ministry is examining a proposal to raise the import duty from 15 to 40 per cent. It might also consider fixing the export incentive on raw sugar for two years against the current practice of revising it every two months.
|5th June 2014: Mills await Paswans stand on sugar export subsidy|
|Even as the Department of Food and Public Distribution works to resolve the contentious issue of sugarcane pricing for farmers, there is uncertainty regarding the issue of export subsidy on raw sugar, a major initiative to reduce mounting arrears.|
|5th June 2014: UP heat on sugar mills over arrears|
|Last year, the UP government had retained the state advised price for cane at Rs 280/qtl. The mills had been allowed to pay Rs 260/qtl upfront and the remaining Rs 20/qtl later After the Allahabad High Court rap over massive arrears on payments to farmers for sugarcane sales of about Rs 8,500 crore, the Uttar Pradesh government has turned the heat on private sugar mills. The government has started the process of registering First Information Reports (FIR) and issuing Recovery Certificates (RCs) against defaulting mills.|
|5th June 2014: Maharashtra sugar mills await clarity over export subsidy on raw sugar|
|Sugar mills in Maharashtra have completed contracts for export of raw sugar to the tune of 61 lakh quintals this season. They had signed contracts for 66 lakh tonne of raw sugar, senior officials from Maharashtra State Cooperative Factories Federation (MSCFF) said. |
|4th June 2014: Mills await Paswan's stand on sugar export subsidy|
|Even as the Department of Food and Public Distribution works to resolve the contentious issue of sugarcane pricing for farmers, there is uncertainty regarding the issue of export subsidy on raw sugar, a major initiative to reduce mounting arrears.|
|4th June 2014: PM's ethanol plans may set sugar price spiralling|
|LUCKNOW: The sugar in your cup of tea is likely to get dearer with the Narendra Modi government at Centre mulling to go after ethanol production in a big way. The decision could lead to conversion of excess raw sugar flooding the UP market into ethanol, which is spotted as a future fuel blend for petrol. UP has raw sugar in excess to the tune of 100 lakh tonne, which, in turn, which has kept a check on rise in prices.
|3rd June 2014: Dry weather to sap TN sugar production |
|Chennai, June 2:
Sugar industry in Tamil Nadu continues to see a dip in production due to dry weather and low recovery.
Going by sugarcane planting data, the dip is likely to sustain in the coming 2014-15 (October-September) season, with sugar production likely to hit a low of about one-third of the installed production capacity.
|3rd June 2014: Ram Vilas Paswan to meet Cabinet ministers to discuss sugarcane arrear issue|
|Paswan said that he will also consult with Agriculture Minister Radha Mohan Singh and Minister of State (Agriculture) Sanjeev Baliyan about this issue.
|3rd June 2014: Indian sugar surplus to maintain export momentum|
|India is likely to export more than 2 million tonnes of sugar in 2014/15 as the top consumer is set to produce a surplus of the sweetener for the fifth straight year despite chances of reduced rainfall, a commodities executive said on Monday. The continued exports from the world's second biggest producer would put pressure on global prices that are already depressed due to a global surplus.
|19th March 2014: Sugar may extend rally on increased buying|
|New Delhi, March 18:
Sugar prices which had dropped to five-year-lows in early-February have reversed their trends in the last few weeks.
Prices at Kolhapur and Muzaffarnagar, the country’s two major terminal markets, have increased by 12 per cent in the last six weeks. They are seen to trade firm in the days ahead as the current crushing season heads for closure in about a month’s time.
|19th March 2014: Sugar output still shows effect of late crushing |
|India’s sugar output had fallen eight per cent this season until Saturday, compared to a year before, due to the earlier delay in commencing of cane crushing.|
|11th March 2014: Kolhapur tops in sugar recovery rate|
|KOLHAPUR: Kolhapur division has topped the state in maintaining the highest sugar recovery rate at 12.44% this year, followed by Pune with a recovery rate of 10.96%.|
|11th March 2014: Fears of El Nino on rise, may spell woes for the economy|
|NEW DELHI: Snowfall in the middle of March; heavy showers in the drying-up phase of the monsoon; catastrophic floods before the rainy season; searing heat in parts of south India — extreme climate events seem to be the norm in the past year, deepening concerns about climate change.|
|5th March 2014: Sugar production lags 11% over past year, cane arrears reach Rs 14,000 crore|
|NEW DELHI: As the sugar production in the country lags behind the past year's production by 11%, cane arrear amount for the millers reached a whooping Rs 14,000 crore despite subsidy interventions by the government.|
|4th March 2014: Govt notifies raw sugar export subsidy|
|The government on Monday notified export subsidy of Rs 3,300 a tonne on raw sugar shipments undertaken during the February-March period.
|3rd March 2014: Govts moves sweeten sugar prices|
|Export subsidy and interest-free loans will help bring down inventory
Sugar prices have been under pressure for over a year now.
|28th Feb 2014: Sugar production estimated to decline in SY14: ICRA|
|Apart from lower sugar production in UP, lower rainfall in Tamil Nadu is likely to impact sugar production and the output is expected to decline by 15 percent, ICRA said. Further, there has been a delay in the commencement of crushing across the country due to a delay in the fixing of the cane prices.|
|26th Feb 2014: World sugar surplus shrinking, U.S. less clear|
|DANA POINT, CALIF. – Although the global sugar supply remains in excess, the surplus is shrinking, while the U.S. supply picture appears less clear, according to speakers at the International Sweetener Colloquium in Dana Point on Feb. 24.|
|22nd Feb 2014: Brazilian and Australian producers call for an end to India’s for sugar export subsidy|
|India’s decision announced Wednesday (Feb. 12) to allocate 3,333 rupees (US$53.52) per ton as a subsidy for the production of raw sugar as of March 31, besides going against commitments that the country has made to the World Trade Organization (WTO), is the most harmful form of support to the industry. That’s the assessment of Eduardo Leão de Sousa, Executive Director of the Brazilian Sugarcane Industry Association (UNICA).|
|18th Feb 2014: India produces 14.3 million tonne sugar till mid-February|
|PUNE: The 2013-14 season sugar production of India upto February 15, 2014 is 143.7 lakh tonnes. It was 165.88 lakh tonnesduring last year, same time. The gap in sugar production over last year, during same corresponding period, has narrowed down to 13% on February 15 , from about 16% a fortnight back i.e. upto January 31, said a release from industry body Indian Sugar Mills Association ( ISMA).|
|18th Feb 2014: Political opportunism remains bane of sugar sector|
|UNICA, the Brazilian sugar-cane sector association, has come down hard on India for extending support to our producers to export four million tonnes (mt) of sugar through the next two years.|
|14th Feb 2014: Sugar Falls as Indian Subsidy May Damp Imports|
|Raw sugar fell in New York as an export subsidy approved by India, the world’s second-biggest producer, may push more sweetener onto the world market and damp imports by the nation’s refineries. Cocoa retreated. |
|13th Feb 2014: Agriculture minister Sharad Pawar has his way on sugar export subsidy|
|NEW DELHI: Agriculture minister Sharad Pawar prevailed upon the food ministry to push subsidy for export of sugar by private manufacturers at a price closer to what he had originally proposed. The Cabinet committee on economic affairs (CCEA) on Wednesday approved Rs 3,333 as subsidy for exporting every tonne of raw sugar.|
|13th Feb. 2014: Bearish market puts sugar industry in crisis|
|Bearish demand and falling prices have sent the sugar industry into another crisis, despite the partial decontrol announced by the central government last year.|
|7th Feb 2014: Sugar sector builds up inventory to avoid losses on sale|
|Inventories are piling up for the country's sugar industry as it tries to save itself from selling the commodity at a loss, while pinning hopes on the government to soon provide incentives, a company official has said. |
|6th Feb 2014: CCEA defers subsidy on raw sugar exports|
|New Delhi: The Cabinet Committee on Economic Affairs (CCEA) today deferred a decision on fixing subsidy for exports of raw sugar, amid differences between food and agriculture ministries.|
|5th Feb 2014: Indian sugar industry’s yield upto January 31, 2014 - 115.4 lakh tonne|
|The Indian sugar industry has produced 115.4 lakh tonne upto January 31, 2014. This was 16.6 per cent less than the quantity of sugar produced up to the end of January 2013 (138.5 lakh tonne). |
|3rd Feb 2014: CCEA may consider incentives on raw sugar export on Feb 4|
|The Cabinet Committee on Economic Affairs (CCEA) is likely to consider on February 4 a proposal to give a cash subsidy of Rs 2,000 per tonne for raw sugar exports.|
|30th Jan 2014: Failing on sugar|
|The two fiscal bailout packages doled out by the government to the beleaguered sugar sector - interest-free loans worth Rs 6,600 crore and cash subsidy on raw sugar exports - may at best provide some temporary relief to the cash-strapped sugar mills.|
|30th Jan 2014: Stockists begin buying sugar for new month|
|Mumbai, January 29:
Sugar prices on the Vashi wholesale spot market declined by ₹5-10 a quintal on Wednesday. The commodity extended its loss in the domestic futures market by ₹15 on lower physical demand. Continuous selling by mills in the absence of upcountry demand kept morale weak with routine need-based activities, said sources.
|27th Jan 2014: Govt may give Rs 2,000/t subsidy on raw sugar export|
|To absorb surplus sugar and to promote export of around four million tonnes of raw sugar, the central government is planning to give a cash subsidy of around Rs 2,000 per tonne.|
|24th Jan 2014: Sugar firms losses to aggravate as realisations much lower|
|Sugar mills’ financial health is unlikely to see a significant change anytime soon due to relentless price decline in the sweetener and uncertainty in allied products despite short term relief measures introduced by the government.|
|18th Jan 2014: Indian sugar yield 85.5 lakh tonne; 484 mills under crushing operation|
|Sugar production in the country is in full swing. Till January 15, 2014, India produced 85.5 lakh tonne sugar with 484 mills under crushing operations. The gap between the sugar production during the corresponding period last year, which was lagging behind by 29 per cent a fortnight back, has been narrowed down to 21 per cent now. Last year, 505 mills produced 108 lakh tonne sugar till January 15, 2013.|
|17th Jan 2014: Sugar output down 21% to 86 lakh tonnes so far in 2013-14 market year|
|India's sugar production fell by 21% to 85.5 lakh tonnes till January 15 of the current marketing year that started in October on account of delay in crushing operations, according to industry data.|
|30th Dec 2013: Sugar supply weakens as mills await Rs 6.6k cr relief package|
|NEW DELHI: Supply of sugar in major markets across the country has weakened, with the mills
waiting for the Centres relief package to come in. "Despite the Cabinets decision on the
bailout package, the industry is still waiting to get a clarity on the same. Sugar supply is
abysmally low in the markets as the mills are playing safe," said a UP sugar industry official.
|18th Dec 2013: Sugar industry crisis: Why not fully implement Rangarajan Committees Recommendation in toto?|
|To resolve the sugar industry crisis, assistance should be given to sugarcane growers to get better returns through ethanol, molasses and bagasse|
|2nd Dec 2013: India to produce surplus sugar despite crushing delay|
|India, the world's second biggest sugar producer, started the 2013-14 marketing year that began on October 1 with a carry-forward stocks of 8.8 million tonnes and is likely to produce 25 million tonnes this year, compared with its annual sugar consumption of around 23 million tonnes.|
|29th Nov 2013: India sugar drops on supply surplus; eyes govt moves|
|Nov 28 (Reuters) - Indian sugar futures fell on Thursday on ample supplies due to surplus production in three straight years, though a delay in cane crushing and hopes the government would take steps to arrest falling prices limited the downside.|
|14th Nov 2013: Maha sugar co-ops to get Rs 3,200 crore as working capital|
|The Maharashtra State Cooperative Bank (MSCB) has sanctioned working capital of R3,200 crore to 29-odd sugar cooperatives in Maharashtra with positive net worth for the sugar season of 2013-14. |
|14th Nov 2013: Mixed trend in sugar|
|Mumbai, Nov. 13:
Sugar prices ruled steady in the spot market on Wednesday, while they dropped in the futures market on hopes of higher production.
|11th Nov. 2013: Sugar industry says exports crucial to reverse current bearish trend|
|New Delhi, Nov. 10:
While the Food and Agriculture Organisation (FAO) has struck a bullish note on sugar in its recent outlook, the Indian industry is striking a different note.
|11th Nov 2013: Karnataka fix Rs 2,500 minimum support price for sugarcane|
|BANGALORE: After weeks of deliberations and amidst farmers protests, the state government on Sunday fixed Rs 2,500 as minimum support price (MSP) for a tonne of sugarcane.
The MSP was fixed at the meeting held by the Karnataka Sugarcane Control Board comprising ministers, officials and farmer leaders. However, the farmers' association was not happy with the price and said they would meet to discuss next plan of action shortly.
|31th Oct 2013: No end in sight to slump in sugar prices|
|The prolonged slump in sugar prices is worrying the industry, with no respite in sight. The national average wholesale price is Rs 29 a kg, a four-year low.|
|22nd Oct 2013: Sugar output slips 4.5%,but consumption goes up |
|New Delhi, Oct. 21:
Domestic sugar consumption grew 3.6 per cent to 22.8 million tonnes in 2012-13 over previous year, even as production declined 4.5 per cent to 25.14 mt during the period.
|22nd Oct 2013: After an year of of getting decontrolled, sugar output falls 2.5%|
|NEW DELHI: At the end of a year of getting decontrolled from the government's levy mechanism, India's sugar industry closed its production at 25.1 million tonne, which is slightly less than last year and with a lower recovery. |
|10th Oct 2013: Refineries along ports may change trade in favour of raw sugar, India may emerge key player|
|PUNE: A growing number of port-based refineries coming up in the Indian ocean region are all set to change the world sugar trade in favour of raw sugar. India is likely to emerge as the key player in the changed regime.
|10th Oct 2013: Sugar grows scarce this festive season|
|AURANGABAD: The Sugar supplier for the month of October in Marathwada has claimed the stock is inadequate and not enough of the commodity can be supplied under the public distribution system this festive season.
|10th Oct 2013: Sugar exports to get a lift from refining growth abroad|
|A jump in sugar refining capacity in Asia and Africa is set to help India boost exports of the raw variety of the sweetener and reduce the world no 2 producer's bulging stocks.|
| 7th Oct 2013: Sugar mills sitting on huge inventory of 8.5 mn tonnes: ISMA |
|New Delhi, Oct 6:
Sugar mills have begun the 2013-14 marketing year, that started this month, with an opening stock of 8.5 million tonnes and this huge inventory could spell trouble for the sector, according to industry body ISMA.
|3rd oct 2013: Sugar mills cry foul|
|Six months after the government partially decontrolled the sugar sector, millers have alleged they are still being forced to carry the burden of supplying sugar at a subsidised rate to the government for the Public Distribution Supply (PDS), in contravention of the spirit of the Cabinet decision.|
|23rd Sept 2013: Good crop, but cane prices may hike sugar cost|
|LUCKNOW: Festive season is round the corner and sugar mills have dropped broad hints of inability to operate this season because of high cane prices, in what may lead to a gap between the demand and supply, hence escalated prices of sugar this festive season.|
|19th Sept: When sugar’s not so sweet|
|Uttar Pradesh, one of the six sugar surplus states, is playing spoilsport by pricing cane too high.|
|19th Sept 2013: Buoyant monsoon raises prospects of good sugarcane production|
|Agricultural growth, according to official estimates, is pegged at 4.8 per cent for the current fiscal as against 1.9 per cent in 2012-13, on expectation of a record food grains, pulses and cotton production buoyed by a benevolent monsoon.|
|17th Sept 2013: Sugarcane production in Guj likely to fall on excess rainfall|
|Excess rainfall, mainly in sugarcane growing region of South Gujarat, seems to have hampered the prospects of cane crop in the state. Farmers and sugar millers have expressed concern over a possible fall in the sugarcane production this year.|
|17th Sept 2013: FoodMin to consider demand to remove sugar export limits|
|The Food Ministry will consider the sugar industry's demand to scrap export restrictions in anticipation of surplus production next year, a top government official said.|
|17th Sept 2013: Farm costs panel asks Govt to create 2 mt sugar buffer|
|New Delhi, Sept. 16:
The Government should look at creating a sugar buffer stock of two million tonnes to balance the market, said Ashok Gulati, Chairman, Commission for Agricultural Costs and Prices (CACP).
|17th Sept 2013: Sugar output may touch 25 million tonne in 2013-14|
|NEW DELHI: Sugar production in India is estimated to touch 25 million tonne in the sugar season 2013-14 starting from October, slightly higher than the current year's 24.5 million tonne, the Indian Sugar Mills Association (ISMA) has estimated.|
|12th Sept 2013: Indian sugar falls as rains boost output forecast|
|(Reuters) - Indian sugar futures fell on Wednesday, extending losses for the second consecutive day, as plentiful monsoon rains have raised prospects for higher output for the fourth straight year.|
|12th Sept 2013: Sugar stockists avoid bulk buying|
|Mumbai, Sept. 11:
Sugar prices on the Vashi wholesale market dropped by Rs 5-10 a quintal at the lower end while at the upper level it was unchanged. Naka rates were mixed with S-grade gaining Rs 10 while M-grade lost Rs 20. Mill tender rates were down by Rs 10 as mills continued selling old stocks before new crushing season starts. With routine volume sentiment remained steady, said sources.
|11th Sept 2013: India sugar falls on weak festival demand|
|(Reuters) - Indian sugar futures fell on Tuesday due to expectations of lower festival demand and higher supplies from mills saddled with large inventories.|
|11th Sept 2013: South Gujarat units to hike sugarcane procurement price|
|SURAT: The sugar co-operative factories of south Gujarat on Tuesday decided to hike the procurement price of sugarcane by 15 to 20 per cent. There are at least nine operative factories in the region and each one's sugar procurement price for the farmers varies|
|6th Sept 2013: Maharashtra stops auction of sugar factories run by cooperative sector|
|The state government has taken a policy decision to disallow sale of loss-making sugar factories run by cooperative societies. The decision comes in wake of growing unrest in rural Maharashtra, as sugar cooperatives are increasingly being privatised without adequate compensation to farmers, who have given their land and hold stakes in the units. |
|4th Sept 2013: Continuous selling dissolves sugar|
|Mumbai, Sept. 3:
Sugar prices on the Vashi market ruled range bound on Tuesday despite higher demand amid higher supply. Mills are continuously selling to reduce surplus stock before new crushing season starts in which the prospect for sugar output is very bright. Naka rates were steady - slightly weak. Mill tender rates for S-grade dropped by Rs 10-20 a quintal. Trend in futures market remained bearish, said sources.
|4th Sept 2013: UP sugar mills lose markets to Maharashtra & Karnataka|
|Crushing units in Uttar Pradesh (UP) are fast losing markets to mills in Maharashtra and Karnataka. Delhi, the largest consumption centre for UP sugar mills, is partly being controlled by Maharashtra mills.|
|4th Sept 2013: India sugar edges down on supplies; festivals eyed|
|(Reuters) - Indian sugar futures edged lower on Tuesday on ample supplies due to surplus production for three straight years, though expectations that festivals would lift local demand and a weak rupee might boost overseas sales, limited the downside.|
|29th Aug 2013: Sugar exports may turn feasible at $525-550/t|
|Mumbai, Aug 28:
Sugar prices ruled steady at the lower level on Wednesday on expectation of higher festivals demand in approaching new month.
|29th Aug 2013: Sugarcane fair price for FY15 might be raised marginally|
|For the 2014-15 crop marketing season, the Commission for Agricultural Costs and Prices (CACP) has recommended the fair and remunerative price (FRP) of sugarcane be raised 4.76 per cent to Rs 220 a quintal.|
|28t Aug 2013: 28th Aug 2013: India sugar hits 3-week low on supply surplus; eyes exports|
|LUCKNOW: In another blow to the financially ailing sugar industry of Uttar Pradesh, the excise department has raised objection over the cane department decision to waive off the quota of molasses to be allocated to country liquor manufacturers.|
|28th Aug 2013: India sugar hits 3-week low on supply surplus; eyes exports|
|Aug 27 (Reuters) - Indian sugar futures dropped on Tuesday to their lowest level in three weeks on weak demand and ample supplies due to surplus production in three straight years, although hopes that a weak rupee will revive exports limited the downside.|
|28th Aug 2013: Sugar output pegged at 24.8 million tonnes in 2012-13: Thomas|
|Sugar production in India is expected to decline by 10.8% to 24.8 million tonnes (MT) in the current sugar marketing season, which will end next month, Parliament was informed today.|
|27th Aug 2013: Sugar mills continue to sell surplus stocks|
|Mumbai, Aug 26:
Sugar spot prices eased by Rs 3-5 a quintal on Monday as freight dropped.
Prices on domestic futures market declined by Rs 20-28 on profit booking. Naka rates were steady.
Mill tender rates were down by Rs 5-8 as producers continued selling surplus stocks at every stage.
|26th Aug 2013: 'Unproductive cane varieties to blame for poor sugar output'|
|LUCKNOW: Even as sugar mills seek government support for clearing dues towards cane farmers, experts point out a sharp decline in the cultivation of early variety of sugarcane that contributes to more sugar recovery.|
|26th Aug 2013: UP acknowledges stress in state's sugar sector|
|In the backdrop of sugarcane arrears for 2012-13 crushing stand at Rs 2,850 crore in Uttar Pradesh (UP), the state government has for the first time acknowledged stress in the sugar sector.|
|24th Aug 2013: Sugar prices stable after decontrol of sector: Govt|
|NEW DELHI: Sugar prices have remained stable after decontrol of the sector, Food Minister K V Thomas informed Rajya Sabha today. |
|24th Aug 2013: Excise department's blow to ailing sugar industry|
|LUCKNOW: In another blow to the financially ailing sugar industry of Uttar Pradesh, the excise department has raised objection over the cane department decision to waive off the quota of molasses to be allocated to country liquor manufacturers. The waiver, allowed by the state cabinet, would have fetched additional revenue to the sugar industries, which are erring on payment of thousands of crores due towards cane growers.|
|23rd Aug 2013: After HC, UP govt to turn heat on sugar mills for pending dues|
|LUCKNOW: Already facing rough weather, sugar industries defaulting payment due towards sugarcane farmers in Uttar Pradesh are in for trouble with the state government which is considering slapping registered challans on them. The move comes in the wake of an observation of high court which last month asked the industries to pay the dues to farmers within six weeks. The court is scheduled to hear the case on Friday. |
|21st Aug 2013: India sugar eases on supply pressure; rupee’s fall revives export hopes |
|MUMBAI: Indian sugar futures eased on Tuesday on forecast of surplus production for the fourth straight year, but expectations of a revival in exports due to a weak rupee limited the downside.|
|20th Aug 2013: Sugar output expected to be higher in 2013-14 marketing year: Sharad Pawar|
|NEW DELHI: Sugar output in the next marketing year 2013-14 may exceed 24.5 million tonnes level achieved this year on hopes of higher yields due to good rains, Agriculture Minister Sharad Pawar said today. |
|19th Aug 2013: Sugarcane diverted to private mills: Madurai farmers |
|Sugar is sweet, but issues surrounding its production remain bitter. Government officials in the district are struggling to check the smuggling of sugarcane from agricultural fields, meant exclusively for cooperative sugar mills, to private mills.|
|17th Aug 2013: Indian sugar futures steady as extra quota offsets exports demand|
|Indian sugar futures were steady on Wednesday as the government decision to provide additional quota outweighed good export demand and concerns of dry weather in key cane-growing areas could trim next year's production. The Indian government has converted 290,000 tonnes of unsold levy sugar into non-levy and asked mills to sell it before end-August. |
|13th Aug 2013: Festival demand lends support to sugar|
|Mumbai, Aug 12:
Sugar prices ruled steady on Monday on routine demand and ample supply.
Freight rates which improved slightly the previous week on shortage of trucks due to Ramzan Id again came to normal level led to ample arrivals in the market.
|13th Aug 2013: Olam Sees Potential for Indian Sugar Exports on Rupee to Surplus|
|Sugar millers in India, the world’s second-biggest producer of the sweetener, may seek to export product because of a record low for the Indian rupee and a fourth year of domestic surpluses, Olam International Ltd. said. |
|5th Aug: Sugar edges higher on spot demand|
|MUMBAI: Sugar futures edged higher, extending gains for a second day due to an improvement in spot demand, but forecast of surplus production and higher stocks kept a lid on gains.|
|3rd Aug: Sugar prices may rise by Rs 1,000 a ton in coming months: ICRA|
|NEW DELHI: Sugar prices may rose by Rs 1,000 a tonne in the coming months due to supply side pressures, rating agency ICRABSE 3.54 % said today. |
|3rd Aug 2013: Sugar profitability to decline in SY2012-13: Icra|
|KOLKATA: For SY 2012-13, the domestic sugar production is marginally higher than domestic sugar consumption (estimated at around 23-23.5 million MT) which together with imports of 0.5 million tonnes has resulted in a modest surplus, although sugar stocks still remain satisfactory at 6.5- 7.0 million MT or 3 months domestic consumption. |
|2nd Aug 2013: Indian sugar eases on supply surplus; festive demand eyed|
|Indian sugar futures eased on Thursday on ample supplies due to surplus production for three straight years amid weak demand, though expectations of a rise in demand due to festivals limited the downside.|
|31st Jul 2013: Sugar output likely to slip on lower cane availability: Balrampur Chini|
|Kolkata, July 31:
Vivek Saraogi, Managing Director of Balrampur Chini Mills Ltd, on Wednesday said the country’s sugar production during the 2013-14 season is expected to decline due to lower availability of cane.
|31st Jul 2013: Sugar industry going through tough phase|
|KANPUR: The National Sugar Institute (NSI), in association with Sugar Technologists' Association of India (STAI), New Delhi, organised a day-long all-India seminar on the topic, 'Mechanisation of Sugarcane Cultivation in India' at the NSI campus. Prof Ashok Kumar, vice chancellor, CSJM University inaugurated the seminar.
|27th Jul 2013: Sugar steady on continuous selling|
|Mumbai, July 26:
Sugar prices in the Vashi-Mumbai wholesale sugar market ruled steady on Friday.
|27th Jul 2013: Sugarcane, sugar price mismatch crushes industry|
|Chennai, July 26:
Rising sugarcane prices and stagnant sugar prices are crushing sugar mills, which need to increase efficiency and yield for viability, according to A. Vellayan, Executive Chairman, Murugappa Group.
|26th Jul 2013: India sugar flat as retail demand offsets surplus supply|
|(Reuters) - Indian sugar futures were treading water on Thursday as a slight improvement in retail demand offset a forecast for surplus production for the fourth straight year on the back of ample monsoon rains in cane growing states.|
|25th Jul 2013: Indian sugar drops as ample rainfall seen boosting output|
|(Reuters) - Indian sugar futures edged lower on Wednesday, hurt by sluggish demand and a forecast for surplus production for the fourth straight year on the back of ample monsoon rains in cane growing states.|
|19th Jul 2013: Export contracts fail to sweeten sugar|
|Mumbai, July 18:
Sugar prices ruled steady across the country on Thursday due to slack demand and ample supply.
|17th Jul 2013: Lack of bulk demand dampens sugar|
|Mumbai, July 16:
Sugar prices ruled unchanged in spot markets barring Vashi - Mumbai on Tuesday as supply from producers continued to be higher and demand did not improve as expected
|17th Jul 2013: A weak rupee and Ramzan-triggered higher demand boast sugar exports|
|NEW DELHI: A weak rupee and Ramzan demand have boosted sugar exports at a time when the freeing up of state controls have led to a rise in supplies and a fall in prices. Mills have committed around 1.5 lakh tonne of sugar for export to neighbouring countries. Thanks to a good demand from West Asian countries due to the ongoing month of Ramzan, Indian traders are offering sugar in the international market in the range of $500 per tonne. Last month, around 69,000 tonne of sugar was exported by India.
|12th Jul 2013: UP sugar industry presses panic button|
|Uttar Pradesh sugar industry today pushed the panic button saying its very survival was at stake in the state, which produces roughly 30 per cent of India's sugar output.|
|12th Jul 2013: Improvements in sugar production discussed at National Sugar Institute|
|KANPUR: Three lectures were delivered by the sugar experts on the fourth day of the refresher course underway at the National Sugar Institute.
|11th Jul 2013: Sugar mills blame low prices on cheap raw sugar imports|
|PUNE: Millers are blaming Shree Renuka Sugars for flooding the market with cheap sugar made by refining imported raw sugar, and said they need a 40% import duty to withstand the glut created by the company. But Narendra Murkumbi, who heads Shree Renuka Sugar, said the culprit is high cane prices. |
|11th Jul 2013: Sugar import to stop after custom duty hike: Pawar|
|New Delhi, July 10: Hike in sugar import duty to 15 per cent will halt shipments and boost domestic sales helping millers to clear Rs 9,000 crore outstanding payments to cane farmers, Agriculture Minister Sharad Pawar today said.|
|10th Jul 2013: India 2013-14 sugar production estimated at 23.7 MT|
|This is 5 % lower than 2012-13 out on poor acreage says ISMA|
|9th Jul 2013: India notifies sugar import duty hike to 15% from 10%|
|The duty increase could mean a halt to India's sugar imports, which have already slowed to a trickle following a sharp drop in the rupee which makes dollar-denominated world sugar more expensive|
|6th Jul 2013: Hike in import duty won't improve realization: Sakthi Sugar|
|M Manickam, MD, Sakthi Sugars speaks about impact of hike in import duty on sugar factories.|
|6th Jul 2013: World sugar output to hold up next season despite glut|
|LONDON: World sugar output is set to fall modestly next season despite a supply glut and low international prices, a senior economist said on Friday.|
|06 Jul 2013: Import duty hike may not sweeten sugar companies' fortunes|
|NEW DELHI: The government's plan to raise sugar import duty from 10% to 15% may not enough to protect local industry from being swamped by imports as high cost of cane and low international prices remain a concern.|
|5th Jul 2013: India's Shree Renuka to start sugar exports from Haldia unit|
Aims to refine 50 pct more raw sugar in 2013/14 at Indian units
* Plans to cut sugar output in Brazil to raise ethanol production
* To crush 11 mln T cane in 2013/14 in Brazil vs 9.5 mln T year ago (Adds managing director's quotes, comments on ethanol plans)
|5th Jul 2013: Government plans to hike sugar import duty to 15%|
|NEW DELHI: The government plans to increase import duty on sugar to 15 per cent from the current 10 per per cent in order to curb shipments and clear sugarcane arrears to farmers estimated at about Rs 9,000 crore.
|3rd Jul 2013: Sugar mills hold stocks on festival demand hopes|
|Sugar prices increase by Rs5- Rs7 for fine variety while drop by Rs3-Rs5 for fair quality at Vashi market on Tuesday. Naka rates were mixed but under current was firm tracking firm sentiment at mill level. |
|3rd Jul 2013: India sugar drops on weak demand from bulk buyers|
|MUMBAI: Indian sugar futures eased on Tuesday on slowing demand from bulk consumers, though an expected drop in next year's production due to a drought and exports orders limited the downside.|
|2nd Jul 2013: Ample supplies hold sugar steady|
|Mumbai, July 1:
Sugar prices on the Vashi market ruled steady while on futures it increased on expectation of drop in sugar production next year and talk of an export deal.
|1 Jul 2013: Indian sugar drops to six-week low|
|Indian sugar futures fell on Friday to their lowest in nearly six weeks on sluggish demand from bulk buyers due to the early arrival of the monsoon and abundant supplies. An expected drop in India's sugar production in the next crop year starting from October 1 due to a drought in key producing areas limited the downside. The key July contract on the National Commodity and Derivatives Exchange was down 0.93 percent at 2,992 rupees ($50.3) per 100 kg at 0910 GMT. It hit a low of 2,979 rupees earlier in the day, the lowest since May 20.
|29 जून 2013: घसरलेला रुपया साखर उद्योगाच्या पथ्यावर|
|कोल्हापूर - आंतरराष्ट्रीय बाजारात रुपयाची घसरण होऊन डॉलरची किंमत वाढली. याचा फायदा साखर उद्योगाला झाला असून त्यामुळे साखर निर्यातीला चांगले दिवस आले आहेत. |
|29th June 2013: India - Punjab sugar production rises fractionally in 2012/13|
|Punjab's state cooperative mills crushed 1.49 mln tonnes of sugarcane into 129,300 tonnes of sugar in 2012/13, up fractionally from 1.4143 mln tonnes of cane processed into 128,000 tonnes of sugar in 2011/12|
|28th June 2013: European Union - EU to abolish sugar production quotas in September 2017|
|The compromise reached between the EU Council, Parliament and Commission on the bloc's Common Agriculture Policy for 2014-2020 includes the abolition of EU sugar production quotas at the end of the 2016/17 (Oct/Sep) sugar marketing year on September 30, 2017.|
|27th June 2013: Retail demand for sugar likely to improve next week|
|Mumbai, June 26:
Sugar prices on the Vashi wholesale market ruled flat on Wednesday amid thin trade. Supply from producers was higher despite local demand easing with month-end in sight.
|26th June 2013: Punjab govt releases Rs 95.60 cr for cane growers|
|CHANDIGARH: On the personal initiative of the Punjab Chief Minister Parkash Singh Badal, the state government has released Rs. 95.60 crore to the State Cooperative Sugar Mills for further disbursement to cane growers.|
|25th June 2013: Co-ops to supply PDS sugar to states|
|Private mills will have to depend on open market as states, demand would go these
In a major transformation in the sugar procurement mechanism, 10 large sugar producing states are planning to enter into memoranda of understanding with local co-operative mills for buying sugar to distribute under the Public Distribution System (PDS). Seven others have already floated tenders and are in various stages of finalisation. Northeastern states have sought transition time from the Centre. States, therefore, are set to commence sugar procurement from the open market soon.
|24 th June 2013: Cheap imports may hit domestic sugar industry|
|THE glut in global sugar production and the consequent sharp fall in international prices may come as good news for consumers in India — the world’s largest consumer of the sweetener.|
|22nd June 2013: States not ready to sell sugar without centre’s assistance|
|NEW DELHI: Barely 10 days are left for states to procure sugar for selling at ration shops but most of them have not even floated tenders to buy the commodity from the open market. From July 1, the central government will stop procuring sugar from mills for ration shops across the country. States will have to buy it from the open market and sell at a subsidised price at ration shops while the central government will pay the subsidy amount of Rs 18.50 per kg. |
|21st June 2013: Seeking viability, UP sugar industry roots for new sugarcane varieties|
|LUCKNOW: Sugar industry in UP has suggested introduction of new varieties of sugarcane to make its business more sustainable and also economically viable. |
|20th June 2013: Finance Ministry turns down Pawar’s proposal to hike sugar import duty|
|New Delhi, June 19:
The Finance Ministry has turned down Agriculture Minister Sharad Pawar’s proposal to hike sugar import duty immediately so as to address mounting cane arrears, saying such a move would lead to inflation.
|19th June 2013: Sugarcane production in Karnataka set to decline|
|MYSORE: Sugarcane production in the state this year is going to decline and the produce can be 20 percent less compared to last year. Previous year, 3.20 crore tones of sugarcane was produced, where as this is expected to decline to 2.6 crore tones this year.
|18th June 2013: Indian sugar prices edge up on lower supplies|
|(Reuters) - Indian sugar rose slightly on Monday due to lower supplies in the domestic market as the crushing season neared its end.|
|18th June 2013: Sugar output may fall 8-10% in FY 14: Renuka Sugars|
|Amid sluggish sugarcane planting in drought-hit Maharashtra and Karnataka, leading sugar refiner Shree Renuka Sugars today said it expects 8-10 per cent fall in India's overall sugar output at 22-22.5 million tonnes in the 2013-14 marketing year.|
|17th June 2013: Sugar sentiment positive on festival demand|
|Mumbai, June 14:
Physical sugar prices were mixed and stable in the Vashi wholesale sugar market but on futures market, the commodity lost more than Rs 20 on Friday.|
|17th June 2013: Sugar industry’s eyes are on oil firms’ orders|
NEW DELHI, JUNE 16:
Beleaguered sugar mills, whose realisations are under pressure due to high production costs and the bearish trend in prices, are eagerly looking forward to the ethanol orders from the oil marketing companies.|
|13th June 2013 : Chhattisgarh to become self-sufficient in sugar production|
|Chhattisgarh would now become self-reliant in sugar production, literally would not have to depend on the Government of India for a quota.|
|12th June 2013 : Brazil sugar output slows as ethanol appeal tells|
|The improved economics for Brazilian cane mills of producing ethanol rather than sugar have begun to play out in earnest, as they escaped from "historic commitments" to produce the sweetener.