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SUGAR STOCKS CRASH
- No plans for duty-free sugar imports: Ram Vilas Paswan
Domestic production in the current 2016-17 season ending next month is estimated at 20.4 MT, lower than 25.1 MT last year.
Maharashtra sugar industry afraid, sugar mills bank accounts may become NPAThe government is working hard to ensure that mills do not keep more than 37% of their stocks as on September 30 in order to keep prices st...
Government plans 25% tax on sugar exports as drought bitesFood minister Ram Vilas Paswan said the levy was aimed at curbing the country's exports and would help keep local prices under control in t...
Post record sugar production, government considering building stockpileDuring the last cane year, 2013-14, the central govt had provided export incentives for raw sugar and interest-free totaling over Rs 7k-cr ...
UP sugar traders in a fix over mill shutdown plansBack to back announcement by the Uttar Pradesh sugar industry that it won't operate this sugar season and the UP government's state advised...
Sugar prices crash to 5-year low, demand booms ahead of DiwaliTraders from southern states, Rajasthan, Kolkata and Haryana have flocked to Maharashtra to take advantage of extreme low prices and surplu...
Sugar industry wants import duty to be increased to 30 pcAssuming a domestic consumption of 22.5 million tonne this season, industry experts cite a surplus of 2 million tonne in the current season.
- Sugar stocks may correct further: Ambareesh Baliga
With the sort of bumper production which we were expecting for sugar, the sugar prices should in fact correct further from here.
- Low realisations may take sheen off sugar companies
Stock prices of sugar producers have crashed since January even as the 30-stock benchmark Sensex is close to its two-year high.
- Govt may lift ban on sugar futures soon
Centre may lift the ban on sugar futures early next month. The ban was imposed in May 2009 in the thick of high and rising retail prices.
- Stockholding limit on bulk sugar consumers relaxed
Stockholding limits on bulk sugar consumers were relaxed by the government.
- Weak realisation likely to affect sugar cos' earnings
The stock price of major players such as Shree Renuka Sugar, Balrampur Chini, Bajaj Hindusthan have tumbled more than 30% in line with the ...
- Weak realisation likely to affect sugar cos' earnings
The stock price of major players such as Shree Renuka Sugar, Balrampur Chini, Bajaj Hindusthan have tumbled more than 30% in line with the ...
- No takers for levy sugar as open market rates crash
Around two lakh tonnes of levy sugar meant to be sold through rations shops is being diverted to the open market.
- Sugar buffer may rise to 5 mt
The Union Cabinet is likely to consider a proposal by the food ministry that the sugar buffer be hiked to 5 million tonne from the 2 millio...
- Centre to buffer glut-hit sugar industry
In a bid to deplete the mammoth stocks with the sugar industry, the Centre is mulling a proposal to double the current buffer stock.
- Sugar skids as govt extends ban on exports
The stern message against the possible hoarding of sugar stocks through a ban on exports had an immediate effect with the prices of the swe...