Government asks RBI to remove sugar from negative list as virus hits consumption

The Covid-19-triggered lockdown has resulted in a drastic fall in sugar consumption across the country, as most sweetmakers were on a sabbatical. The lockdown has also accumulated farmer arrears. Against such stark realities, the central government is believed to have advised the Reserve Bank of India (RBI) to remove the beleaguered sugar sector from its […]

Read more

Need to find acceptable solution between cane growers and millers to prevent arrears: Sharad Pawar

Former Union agriculture minister and Nationalist Congress Party leader Sharad Pawar said that the time has come to arrive at an acceptable solution for growers and millers to work in a coordinated manner for the development of the sugar sector. Pawar was delivering the inaugural address at the 2nd International Conference on Sustainability – Innovation & Diversification […]

Read more

Sugarcane arrears decline to Rs 15,222 crore so far in 2018-19: Food minister, Ram Vilas Paswan

Sugarcane dues to be paid by sugar mills to farmers has come down to Rs 15,222 crore so far in marketing year 2018-19, that will end in September, the Parliament was informed. Depressed sugar prices due to surplus sugar production in sugar seasons 2017-18 and 2018-19 adversely affected the liquidity of sugar mills resulting in […]

Read more

Cane price rationalisation remains key for oversupply hit sugar industry: ICRA

The domestic sugar sector has been going through a situation of excess supply which has negatively impacted their prospects. To support the industry, the Government of India (GoI) has announced key measures, such as creation of 3 million tonnes of buffer stock and fixing of minimum selling price (MSP) for sugar at Rs. 29,000/tonne. These […]

Read more