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Thursday, March 28, 2024
TopicSugar Industry

Topic: Sugar Industry

‘Red carpet not just for foreign investors’, Maharashtra nod to policy to help sick sugar cooperatives

Financially weak sugar cooperatives may take loans from Maharashtra State Cooperative Bank on state guarantee. 8% Interest rate lower than that of National Cooperative Development Corporation.

India’s ethanol production can’t ride on surplus sugar and rice. Modi govt needs a way out

Any major diversion of corn usage towards ethanol production would severely impact India's poultry sector. Modi govt's target of E20 by 2025 needs 2G biofuels.

India could export 6 million tonnes of sugar next season as global prices soar

Some mills from Maharashtra & Karnataka have already contracted to ship about 1.2 mn tonnes of raw sugar from next crop. Bumper supplies from India may potentially put a lid on prices.

India to miss sugar export target as lockdown disrupts ports

India won’t be able to ship 5 million tons in the year to September, as expected earlier, because of a shortage of labor at ports and mills.

India’s excess sugar stock threatens to further lower global prices

India’s efforts to subsidise exports is drawing the ire of rival growers in Brazil & Australia, who say the policy is depressing world prices and hurting their farmers.

Australia wants World Trade Organisation to probe sugar war with India

India is world's world's second-largest sugar producer & both Australia and Brazil have blamed it for 'depressed' global prices.

India is dripping with sugar but not enough buyers. Modi govt needs to solve the glut

In order to put an end to India's sugar mess, cane prices have to be linked to those of sugar and its by-products.

Pests and drought seen cutting India’s sugar output from record

Just 35% of crop rated as good, compared with 52% last year.

Global sugar market has hit a sweet spot but is worried India could turn it bitter

Global sugar price saw its best weekly gain since 2008 but the outlook is still cautious as India is set to boost exports and cause another surplus.

Government approves Rs 5,500 crore package for sugar industry

Cabinet Committee on Economic Affairs approved the food ministry's proposal that seeks to help mills clearing huge cane arrears. 

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.