The story so far: As farmers protest on Delhi borders, the Cabinet Committee on Economic Affairs on Wednesday approved ₹340/quintal as the Fair and Remunerative Price (FRP) of sugarcane for sugar season 2024-25 at 10.25% sugar recovery rate. Affirming its ‘guarantee’ to double farmers’ income, the Centre pointed out that the new FRP was 8% … Read more
Pune: Sugar mills of Maharashtra and Karnataka, which together account for more than half of the country’s production of the sweetener, are gearing up for a fierce battle among themselves to get every stalk of sugarcane possible. For the first time ever, Karnataka has fixed an official date to begin sugar production and take legal … Read more
Robust returns on sugar exports helped sugar mills from Uttar Pradesh to trade their export quota at a premium of about 10% over the prevailing market price for export of white sugar. According to trade sources, UP mills have sold 5-6 lakh tonnes of their export quota at an average price of Rs 4/kg. The … Read more
Indian mills have signed sugar export deals for supply of 62 lakh tonnes so far in the current 2021-22 marketing year that started from October 1, trade body AISTA said on Monday. Of the total volume signed for exports, 47.84 lakh tonnes of the sweetener has already been shipped, it added. About 4.94 lakh tonnes … Read more
To regain the domestic markets of east and north east India lost to sugar mills from Uttar Pradesh, Maharashtra government will deliberate a proposal of giving transport subsidy of Rs 187 crore to the sugar mills. The scheme will be applicable to sale of sugar made to markets served by the railways and which are … Read more
The country’s sugar production is expected to be 30.2 million tonnes in the ongoing 2020-21 marketing year, about 800,000 tonne lower than the initial estimate, a senior government official said on Wednesday. However, the sugar production is estimated to be higher than 27.4 million tonne achieved during the 2019-20 marketing year (October-September). “Already, mills have … Read more