ISMA revises India’s sugar output down to 30.2 million tonnes for 2020-21

sugar.jpg

India’s sugar output estimate has been revised lower by 8 lakh tonnes to 30.2 million tonnes for the ongoing 2020-21 marketing season (October-September), industry body ISMA said. The output has been estimated after taking into account a likely diversion of about 2 million tonne of cane juice and B-molasses for ethanol production, it said. However, […]

Read more

Good domestic demand, export subsidy and rise in ethanol price to increase operating margin of sugar mills in FY21: CRISIL

sharon-mccutcheon-oKay0q7Pa30-unsplash-scaled.jpg

The export subsidy of Rs 3,500 crore, recently announced by the government for sugar season 2020-21 (SS21), stable domestic demand and rise in ethanol price are likely to increase the operating margin of sugar mills to 10.5-11.5 per cent this financial year, according to a CRISIL report. The export subsidy, announced by the government for […]

Read more

Six lakh tonnes of sugar exports confirmed by UP sugar mills, post the export subsidy scheme

sugar.jpg

A week after the government of India announced the sugar export subsidy policy for the ongoing season, sugar mills from Uttar Pradesh (UP) have signed export contracts for over six lakh tonnes of raw and white sugar. In contrast, mills from Maharashtra are yet to sign a single contract, according to a Financial Express report. […]

Read more

Government rules out reducing minimum sugarcane price for sugar mills in India

sugar.jpg

Union Food Minister Piyush Goyal has said the government cannot reduce the minimum price at which sugar mills have to purchase sugarcane from farmers and urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies. Sugarcane is bought by sugar mills at a Fair and Remunerative Price (FRP), which is also the minimum selling price fixed […]

Read more

UP sugar mills urge the state government not to increase State Advised Price of sugar

sharon-mccutcheon-oKay0q7Pa30-unsplash-scaled.jpg

Fearing a drop in sugar recovery in the current season and the resultant impact on the cost of sugar production, the Uttar Pradesh Sugar Millers Association (UPSMA) has written to chief minister Yogi Adityanath requesting him not to increase the state advised price (SAP) of sugar in the current season. According to data gathered from […]

Read more

India’s food ministry approves Rs 12,500 crore loan to 185 sugar mills to set up ethanol units

IMG_0733.jpg

India’s Food Ministry has given in-principle approval to 185 sugar mills and standalone distilleries to avail Rs 12,500 crore of loans to add capacity up to about 468 crore litres of ethanol per annum as part of its efforts to achieve 20 per cent blending with petrol. The move is aimed at boosting ethanol blending […]

Read more

Having tasted sugar exports in new markets, sugar mills request India for a stable sugar export policy

sugar.jpg

Sugar millers have appealed to the Centre to urgently announce a policy for the export of sugar. The appeal comes in the wake of a recent statement by Food and Commerce Minister Piyush Goyal that the government is currently not considering an extension of sugar export subsidies for the 2020-21 season in view of stable […]

Read more

India plans to provide soft loans to grain-based distilleries to increase ethanol capacity

petrol-station1.jpg

To boost ethanol production in the country, the government is considering extending subsidised loans to grain-based distilleries. Both the petroleum and food ministries are of the view that ethanol production cannot be dependent on a single feedstock of sugarcane, if the country has to achieve the target of 20 per cent ethanol blending with petrol […]

Read more

Our View – World’s second-largest sugar producer’s ethanol programme has miles to go

India, the world’s second-largest sugar producer, has started inching ahead in a blending program for mixing ethanol with gasoline, after years of little progress. However, a tough battle lies ahead. Currently, the blending percentage in India is hovering around 5.1% and at this pace the final blending rate is expected to be around 5.25% during […]

Read more