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Tea prices became 13% expensive in 6 weeks!

Tea prices became 13% expensive in 6 weeks!

Wed, Sep 18, 2024

Tea, Coffee, Sugar increased, Raw Sugar futures at 2.5 month high, Arabica Coffee at 13 year high, Robusta coffee near record high, Tea prices 13% costlier in 6 weeks Tea Board of India

Davangere Sugar to raise Rs 400 crore via rights issue - Check details

Davangere Sugar to raise Rs 400 crore via rights issue - Check details

Mon, Sep 09, 2024

Davangere Sugar Company has informed exchanges that its board has proposed the issue of equity shares on the right basis for an amount aggregating up to Rs 400 crore on a rights basis to the existing shareholders of the company to meet its capital requirements.

Is the sugar industry ready for supply?

Is the sugar industry ready for supply?

Tue, Aug 13, 2024

After petrol, now ethanol will be available in diesel! Is the sugar industry ready for supply? What will be the impact on sugar prices? Watch Zee Business' exclusive conversation with Atul Chaturvedi, Executive Chairman, Shree Renuka Sugars.

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Raw sugar price at 4.5-year high! Know the reason - why to focus on sugar stocks

Raw sugar price at 4.5-year high! Know the reason - why to focus on sugar stocks

Tue, Oct 12, 2021

In conversation with Anil Singhvi, Managing Editor at Zee Business, Ashish Chaturvedi, Research Analyst explained the reason behind the actions in the sugar stock.

One kg sugar per family per month—check out this Department of Food & Public Distribution scheme | Also know sugar subsidy released so far since last year

One kg sugar per family per month—check out this Department of Food & Public Distribution scheme | Also know sugar subsidy released so far since last year

Fri, Jul 02, 2021

In good news for Antyodaya Anna Yojana (AAY) beneficiaries, the Centre has decided to provide one kg sugar per month to these families.

Centre's relief package for sugar sector likely in September

Centre's relief package for sugar sector likely in September

Tue, Sep 01, 2020

Union Government is all set to approve the much awaited relief package for sugar Sector. Top sources told Zee Business that since the season for sugar starts in October, any kind of relief package is advisable to be rolled out in August or September.

Govt mulls raising minimum selling price of sugar

Govt mulls raising minimum selling price of sugar

Fri, Jun 19, 2020

The government is considering a proposal to increase the minimum selling price (MSP) of sugar from Rs 31 per kg in order to help millers clear cane dues of about Rs 22,000 crore to farmers, Food Secretary Sudhanshu Pandey said on Thursday

Exclusive | Big news for sugar sector! Relief package likely coming soon; 5 cr farmers to benefit too

Exclusive | Big news for sugar sector! Relief package likely coming soon; 5 cr farmers to benefit too

Mon, Jun 01, 2020

The government may announce a relief package worth Rs 10000-Rs 12000 cr for the sugar industry. The announcement which is likely to come in 15-20 days will be a major relief for the sector, Zee Business' Chetan Bhutani reports

Sugar Crisis: Drought hits Maharashtra sugarcane production by 40 pct

Sugar Crisis: Drought hits Maharashtra sugarcane production by 40 pct

Tue, Jun 11, 2019

On account of water crisis hitting the sugarcane production to the tune of 40 pct, the Maharashtra government is going to miss its target of sugar production of 5 million tonne. Industry insiders are of the opinion that it will have impact on the sugar production next year as current year is facing surplus supply than demand.

Sugar Mills Facing Problems selling Sugar on MSP

Sugar Mills Facing Problems selling Sugar on MSP

Mon, Jun 03, 2019

sugar mills are under intense pressure, because sugar mills are facing a cash crunch as they also have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar.

Sugar MSP rises to Rs 31 per kg, set to sweeten margins

Sugar MSP rises to Rs 31 per kg, set to sweeten margins

Tue, Feb 26, 2019

Increase in minimum support price could improve the operating margin parameter of several sugar mill companies in sugar season, a Crisil report said. “Raw material cost as a proportion of sugar sales increased to about 90% in the current season following an uptick in the Fair and Remunerative Price of sugarcane, and subdued sugar prices owing to oversupply both locally and globally,” the report added.

Kitchen alert! This daily use item has now become costlier - Here is why

Kitchen alert! This daily use item has now become costlier - Here is why

Fri, Feb 15, 2019

Is there any family where sugar is not consumed as a daily-use item? Answer is probably NO. And, now the central government has announced that sugar mills cannot sell the sweetener below Rs 31 per kg.

Sugar output up 2.1pc at 7.05 mln tons till Dec 15

Sugar output up 2.1pc at 7.05 mln tons till Dec 15

Tue, Dec 18, 2018

Sugar production has increased by 2.1 per cent to 7.05 million tonnes till December 15 of the current marketing year, the Indian Sugar Mills Association (ISMA) said Tuesday.

Rural incomes: Farmers shifting to safer paddy, sugarcane from riskier crops

Rural incomes: Farmers shifting to safer paddy, sugarcane from riskier crops

Fri, Oct 19, 2018

Better days are ahead for the farmers as rural incomes are forecast to rise faster given the increasing shift to safer crops like paddy and sugarcane in anticipation of further hike in minimum support prices (MSP) and other government doles.

Grub infestation may be the fix to India''s sugar problem its farmers do not want

Grub infestation may be the fix to India''s sugar problem its farmers do not want

Wed, Oct 17, 2018

India may have found a fix to its sugar problem but the answer will not make its cane farmers happy. After a bumper crop, sugar stockpiles in the country, the world`s second-largest producer of the sweetener, have more than doubled since last year.

Bitter harvest for sugar mills, cash crunch blamed

Bitter harvest for sugar mills, cash crunch blamed

Wed, Jun 13, 2018

To address the liquidity issues of sugar mills and enable payment of accumulated arrears, the government recently announced a number of measures but sugar mills' profitability will remain under pressure a Crisil report said.

India scraps 20 pct sugar export tax to boost boost overseas sale, cut inventory

India scraps 20 pct sugar export tax to boost boost overseas sale, cut inventory

Tue, Mar 20, 2018

Shares of sugar companies such as Balrampur Chini Mills Ltd, Dalmia Bharat Sugar and Industries Ltd and Shree Renuka Sugars Ltd rose by as much as 5 percent on Tuesday afternoon after the announcement. The move to scrap the tax helps to improve local sentiment, but lower global prices could make it difficult for India to sell on the world market, said a Mumbai-based dealer with a global trading firm who was not authorised to speak to media.

Higher price or lesser quantities: What will FMCG companies do to beat inflation this summer?

Higher price or lesser quantities: What will FMCG companies do to beat inflation this summer?

Tue, Mar 07, 2017

Nearly 15 years ago a pack of Lay's would get you 50 grams potato chips in it. With rising prices and other factors, PepsiCo kept the price of the pack constant at Rs 10 but the quantity of potato chips in it fell. Today, a Rs 10 pack of Lay's has 35 grams of potato chips in it.

India sugar output forecast to drop to lowest in seven years

India sugar output forecast to drop to lowest in seven years

Wed, Jan 25, 2017

India`s sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 % lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.

Pepsi to cut sugar, salts, fat to make products healthier

Pepsi to cut sugar, salts, fat to make products healthier

Mon, Oct 17, 2016

It also added at least three-quarters of its global foods portfolio volume will not exceed 1.3 milligrams of sodium per calorie.

No need for sugar imports from next year: ISMA

No need for sugar imports from next year: ISMA

Wed, Sep 28, 2016

"With carry over stock of 75 lakh tonnes from 2015-16 SS and expected sugar production of 234 lakh tonnes in 2016-17, there will be enough sugar available in 2016-17 SS to meet the domestic demand of about 256 lakh tonnes (considering a demand growth 2.5%) in the next season. There will be carry forward stocks of around 52 lakh tonnes for 2017-18 sugar season, as on 1 October, 2017."

India's sugar output likely to fall 7% in 2016-17: ISMA

India's sugar output likely to fall 7% in 2016-17: ISMA

Sat, Jul 09, 2016

The country's sugar production is estimated to have fallen to 7.33% to 232.6 lakh tonnes in the next marketing season of 2016-17 (October-September).

Govt imposes 20% export duty on sugar to boost domestic supply

Govt imposes 20% export duty on sugar to boost domestic supply

Fri, Jun 17, 2016

The move comes at a time when prices have surged sharply in various commodities including tomato, wheat and pulses.

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