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KOLKATA SUGAR MILLS
India's sugar mills face margin squeeze as ethanol production restrictions and rising costs hit profitability: CrisilIndia’s sugar mills may see decreased operating margins due to factors like rising sugarcane prices and production restrictions. The shift ...- Sugar prices jump Rs 4/kg in a month, rise Rs 12-13 over year despite supply stepsSugar prices in India have risen significantly over the past month in both retail and wholesale markets. Retail prices have now reached Rs ...
- Govt tightens sugar inventory norms to keep prices under check ahead of festive seasonThe government has notified a reduction in the permissible stock of sugar that dealers can hold to 1,000 quintals. The revised ceiling will...
- India cuts sugar stock holding period for dealers to 15 days to curb hoarding ahead of festivalsStarting from October 15, new regulations will limit sugar stock for dealers to 1,000 quintals nationwide. Dealers will only be allowed to ...
- Sugar dealers’ stock limit cut to 2,000 quintals from September 15The government has reduced the sugar stock limit for dealers to 2,000 quintals. This new rule, effective September 15, aims to prevent hoar...
- Stock Cap put on mills to ease sugar pricesMills can hold as much as 21 per cent of the sugar available with them in September.
- Sugar futures see biggest weekly gains in three monthsDuring the first quarter of 2017, sugar futures on NCDEX touched it’s all time high during the February but the prices corrected on reports...
- Sugar prices continue to remain strong on weak outputThe industry’s ability to secure a linkage between cane price and sugar realisations is critical for its long-term sustainability,” Mr Maju...
- Sugar mills have paid about 92% of their cane dues so far: GovernmentDuring the current sugar season 2015-16, about 230 million MT of sugarcane was procured from the farmers by the sugar mills across the coun...
- Sugar turns bitter for india mills as losses mountSingh, who manages Simbhaoli Sugars biggest plant in the state, said his costs exceed factory-gate sugar prices by 16%.
- Sugar decontrol: Mills plan to share profit with cane farmers before investingPost-decontrol, mills are no longer required to sell 10% of their production at a low price to government for sale at ration shops.
- Sugar manufacturers gain on hopes of easing curbsBajaj Hindusthan Ltd gained 1.8 per cent, Shree Renuka Sugars Ltd was up 2.7 per cent, while Balrampur Chini Mills Ltd rose 1.3 per cent.
- Retail sugar prices unlikely to surge due to exports: ISMASugar prices in retail markets are unlikely to surge due to an additional export of five lakh tonnes of the sweetener, an industry body ISM...
- Sugar stocks surge on government's export nodShree Renuka Sugars, Dhampur Sugar Mills and Bajaj Hindusthan surged, after the government allowed export of an additional five lakh tonne ...
- Banks stay away from sugar firms without allied bizWith sugar prices below cost of production, banks are not willing to lend to sugar companies without downstream capacity in ethanol and pow...
- Jay Shree Tea plans buys at home, abroadJay Shree Tea & Industries (JTIL) has decided to expand its business footprint via overseas and domestic acquisitions. In the domestic mark...
- Banks reduce lending to mills as sugar prices fallFactories with allied business get a look-in from lenders.
- Sugar players now in fierce price battleA section of sugar mills has started expressing doubts about the efficacy of the rate.
- Costly sugar may dampen festive spiritAn anticipated fall in sugar production in the 2008-09 sugar season, due to start in October, has induced sugar prices to soar above the Rs...
- UP sugar mills upbeat on reduced raw material costSugar mills in Uttar Pradesh are hopeful of reducing raw material cost by factoring in the sugarcane transportation rebate into cane prices.
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