Page 2 of sugar stocks

Sugar stocks rise as production drops due to unseasonal rainfall; Will shares rally in this hot quarter?

On Thursday, sugar stocks were trading mixed but they have risen over 5% in the last two weeks. Gayatri Sugars…

April 13, 2023 14:30 IST

sugar, stock stock, sugar price, sugar export,

Govt unlikely to permit additional sugar exports this year due to slight fall in production

The food ministry has allowed 6 million tonnes of sugar exports for the current 2022-23 marketing year (October-September).

April 6, 2023 16:33 IST

Sugar stocks rally: Rajshree, Piccadilly, Dalmia Bharat, Dampure hit upper circuit; check share price outlook

Sugar stocks had gone into some correction or consolidation mode after last year’s outperformance, but now they are again gaining…

December 19, 2022 13:49 IST

Govt to announce sugar export quota for 2022-23 season in phases

The exports quantity would be based on sugar production as the crushing of sugarcane has just commenced.

October 31, 2022 03:30 IST

In 2021-22 marketing year, the food ministry said that "India has emerged as the world's largest producer and consumer of sugar as well as the world's 2nd largest exporter of sugar".

Sugar exports up 57 pc to record 109.8 lakh tonnes in 2021-22; cane arrears at Rs 6,000 crore

During 2021-22 marketing year, sugar mills procured sugarcane worth more than Rs 1.18 lakh crore and released payment of more…

October 5, 2022 18:40 IST

sugar exports, sugar exports from india, sugar exports in first transche

India set to allow 5 mln tonnes of sugar exports in first tranche

Although it’s a little early to get a clear idea about next year’s production, early estimates suggest sugar output in…

September 14, 2022 17:33 IST

“The cost incurred on account of interest on term loans and depreciation of plant and machinery and other raw material cost have increased substantially,” ISMA stated.

Sugar manufacturers urge govt to hike MSP

In June, 2018 the government had introduced the concept of MSP of sugar so that industry could get at least…

August 4, 2022 03:40 IST

Govt approves extra 1.2 MT of sugar exports this season: Exports to hit record 11.2 MT

The government is still considering the issue of fixing sugar exports volume for the next season.

August 3, 2022 01:50 IST

The increase in acreage is estimated to result in the net sugar production being higher at 39.99 million tonne, against 39.4 million tonne estimated for 2021-22.

Sugar output to dip 1.4% in 2022-23 as mills will divert cane to make more ethanol: ISMA

“However, with an increased sugar production, sugar diversion towards production of ethanol is also estimated to be higher,” ISMA said,…

July 23, 2022 01:00 IST

ISMA seeks food ministry’s nod to export additional 1 million tonne of sugar

In May, the government said that it had decided to limit sugar exports to 10 MT for the current marketing…

July 20, 2022 06:05 IST

The previous two restructuring schemes aimed at salvaging the company had failed.

Sections of UP cane farmers in a quandary as Bajaj Hindusthan turns NPA; Company’s unpaid dues to farmers at Rs 2,860 crore

Some analysts call for NCLT process as “another loan recast won’t help”

July 9, 2022 02:15 IST

India had shipped out only 620,000 tonne of sugar in 2017-18, 3.8 million tonne in 2018-19 and 5.96 million tonne in 2019-20. Last year, against the target of 6 million tonne, about 7 million tonne of sugar was exported.

Govt allows sugar exports of one million tonne since putting a cap

However, the food ministry will decide whether to impose a cap on sugar exports in 2022-23 in one-two months, once…

June 30, 2022 02:45 IST

This, according to the Indian Sugar Mills Association (Isma), will help the sugar mills enter into future exports contracts well in advance prior to commencement of the season.

Sugar mills seek nod for 8 million tonne exports under OGL in next season

Says it will help them secure future contracts well in advance

June 23, 2022 06:00 IST

A government spokesperson did not immediately respond to a request for comment.

India likely to impose ceiling on next season’s sugar exports, say sources

Meanwhile, shares in leading sugar producers such as Shree Renuka Sugars, Bajaj Hindustan Sugar and E I D-Parry (India) Ltd…

June 17, 2022 17:50 IST

The unusual surge lends some credence to the government’s fears that sugar stocks could be substantially depleted by the festival season if outbound shipments were allowed unhindered.

Sugar mills seek easing of export ban, cite high raw sugar stocks

Shipments are the only viable option left for raw sugar produced this season, they said.

June 11, 2022 06:00 IST

Sugar exports spiked before govt capped outbound shipments

Having notified its plan to regulate sugar exports to keep local supplies steady, the food ministry had asked mills to…

June 10, 2022 06:30 IST

Last month, the government capped sugar exports at 10 million tonne to ensure enough domestic supply and check retail prices during festival season in October-November. However, cooperatives have demanded raising the export cap by 1 million tonne.

India’s sugar exports at record 8.6 mn tonne till May this year: ISMA

The country had exported total 7 million tonne of sugar in the 2020-21 marketing year, while domestic production stood at…

June 8, 2022 17:34 IST

Sugar production rises 15% to record 35.24 MT so far this year: NFCSFL

Till May 30, crushing operations were still on in about 50-odd mills, mostly in Maharashtra, Uttar Pradesh, and Tamil Nadu.

May 31, 2022 15:16 IST

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