Competition Commission of India fines sugar firms and their industry bodies over ethanol tender

The Competition Commission of India (CCI) has imposed a fine of Rs 38 crore on sugar companies and their associations for alleged rigging of the ethanol tender in 2013. The industry body Indian Sugar Manufacturers’ Association (ISMA) has also been pulled up by the anti-trust regulator. The association has been asked to pay 10 per cent of its […]

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Indian sugar industry urges government to not fix sugarcane prices on regulated release by mills

The Indian sugar industry has urged the government not to address falling prices by introducing the regulated release mechanism, which dictates how much sugar factories can sell in the open market on a monthly basis. In a letter written to the consumer affairs, food and public distribution ministry, the Indian Sugar Mills Association (ISMA) said […]

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India’s sugar production may rise to record 32 million tonnes in 2017-18: ISMA

India’s sugar production is estimated to jump at record 31.5-32 million tonnes in the current marketing year ending September on higher cane output, according to industry body Indian Sugar Mills Association (ISMA). Sugar production of India, the world’s second largest producer after Brazil, stood at 20.3 million tonnes in the 2016-17 marketing year (October-September). “Till […]

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Sugar prices in India fall to lowest in 28 months on distress sales; export prices not viable either – report

Sugar prices have declined to their lowest level in 28 months owing to distress sales by mills on account of storage problems thanks to a production glut, the Business Standard newspaper reported. With sugar output nearing 30 million tonnes by mid-April and 227 mills still in operation, the industry is now forecasting production at a record […]

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