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Updated by Shivani Rai on Nov 20, 2019
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Shivani Rai Shivani Rai
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ChiniMandi News

Sugar industry apex body NFCSF seeks re-fixing of sugar MSP

There is another important issue pertaining to sugar MSP. Patil request DFPD to kindly compute all finance costs including depreciation in re-fixing sugar MSP so as to bring it at par with average cost of production.

“Smaller crop in Maharashtra and Karnataka may be a tonic for world sugar market from early 2020” – Managing Director...

The world market currently is still trading below the parity (MSP) including the subsidy, smaller crop in Maharashtra and Karnataka may be a tonic for world market from early 2020.

FSSAI Guidelines for packaging of Sugar Bags - ChiniMandi

The FSSAI guidelines for packaging of sugar direct that the label shall be in English or Hindi in Devnagri script. Any other language in addition may be used. The information shall not be false, misleading or deceptive.

Govt Fixes 19.5 LMT Monthly Sugar Quota for Sale in September 2019 - ChiniMandi

30th August 2019, the food ministry has allocated 19.5 LMT monthly sugar quota for September to each of 535 mills in India along with added incentivised quota to those mills who have completed their export targets under MIEQ Quota.

Brazil alleges Indian subsidies harming free competition in global market - ChiniMandi

UNICA claims that the recently subsidy for export by the Indian Govt. will protract the cycle of low global sugar prices.

Sugar prices jump by Rs.100/qntl; “Acche Din” for sugar industry

After the announcement of sugar monthly release quota for September 2019 which is 19.5 LMT,  the market sentiments reacted very positively and prices jumped Rs.100 to Rs.120/Qntl.  

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ISMA on hike in ethanol prices

To reduce sugar glut, the government had taken various measures from time to time. In a recent relief to sugar mills, government hiked the ethanol prices for 2019-20 season. And the Industry body Indian Sugar Mills Association (ISMA) has welcomed this decision by Central government.

Maharashtra sugar mills eye to invest in ethanol production

After government hiked the ethanol prices to boost the Ethanol production in India, now sugar mills in Maharashtra are mulling to invest to increase ethanol production capacity.

Sugar industry requires to look for alternate use of bagasse: Prof. Narendra Mohan

A workshop was held at National Sugar Institute, Kanpur today on “Production of Particle Boards from Sugarcane Bagasse”. Looking to the availability of surplus bagasse and challenges in bagasse based co-generation of power, the sugar industry is required to look for alternate use of bagasse.

China’s domestic sugar industry wants higher tariffs on sugar imports - ChiniMandi

China's domestic sugar industry is struggling to compete with foreign rivals due to higher production costs. Therefore, they are mulling to urge the country's Ministry of Commerce to extend to increase tariffs on sugar imports.

Sugar millers asked to pay cane dues or face FIR - ChiniMandi

The assistant sugar commissioner has issued notices to six district sugar mills to clear their dues within seven days or FIRs will be lodged against their owners and senior management.

Millers trying to lock in deals with buyers to commence sugar export - ChiniMandi

Sugar mills in India are eyeing to export sugar surplus in a bid to reduce the glut. To fix the deal and commence the exports, millers are making an attempt from China to Sri Lanka.

PM Modi to launch Kisan Maan Dhan Yojana on September 12 - ChiniMandi

Kisan Maan Dhan Yojana is one of them. The Scheme shall secure the lives of 5 Crore Small and Marginal Farmers by providing a minimum pension of Rs 3000 per month, to those who attain 60 years of age.

Tanzania witnesses hike in sugar production - ChiniMandi

Tanzania has witnessed a hike in sugar production in 2018-2019 season. Sugar production in Tanzania has increased from 30,7431.26 tonnes in 2017-2018 to 359219.25 tonnes in 2018-2019 season.

NCML appoints Siraj Choudhury as new MD and CEO

National Collateral Management Services Limited (NCML) on September 11 announced that Siraj Choudhury will assume the role of new Managing Director and CEO.

Finance minister Nirmala Sitharaman assures support to boost Tamil Nadu sugar industry - ChiniMandi

Assuring to revive the Tamil Nadu sugar industry, Nirmala Sitharaman has promised to arrange a meeting with RBI and banks, where they can discuss and find a solution to uplift the sugar industry.

Indian Govt. notifies on Sugar Export Policy of 60 LMT - ChiniMandi

With a view to facilitate export of sugar during the sugar season 2019-20 (1st October, 2019 to so" September, 2020) thereby improving the liquidity position of sugar mills enabling them to clear cane price dues of farmers for sugar season 2019-20 notified the Scheme for providing assistance to sugar mills for expenses on marketing costs.

Indian sugar mills to export minimum 50% MAEQ of sugar for assistance from Govt - ChiniMandi

To become eligible to get assistance a sugar mill would be required to export at least 50% of its MAEQ.

Uttar Pradesh takes step to produce ethanol from cane juice

Uttar Pradesh government has approved setting up of distillery to produce ethanol directly from 100 per cent cane juice.

Goa's lone sugar mill will not operate this season - ChiniMandi

Sanjivani Co-Operative sugar mill will not operate this season. Maintenance cost for the sugar mill is estimated at Rs 6 crore, and investing such a big amount to run the mill is not feasible.

STAI to organise all-India one-day seminar on ethanol production - ChiniMandi

STAI is all set to organise a one-day seminar on Optimizing Ethanol Production in Distilleries attach with sugar mills - Experienced Gained and Way Forward.

MIEQ vs MAEQ - Distinction between both sugar export policies - ChiniMandi

For the sugar season 2018-19 the Government of India announced the MIEQ export policy, whereas, for the sugar season 2019-20 the Government announced the MAEQ policy. The difference between the policy of Sugar Season 2018-19 and policy of Sugar Season 2019-20

Indonesia to import sugar from India

With an aim to reduce the trade deficit between two sides, Indonesia has decided to import sugar and rice from India. According to the reports, this move will push trade volume to $50 billion by 2025.

Fire breaks out at sugar mill in Maharashtra

A massive fire broke out at Raosahebdada Pawar Ghodganga Sahakari Sakhar Karkhana Ltd in Shirur taluka on Wednesday. The reason of the fire is yet to be ascertained.

Allahabad High Court asks Uttar Pradesh government to clear sugarcane arrears

Allahabad High Court has directed the Uttar Pradesh government to clear the cane dues with 15% interest on it within a month.