Deputy Commissioner P.C. Jaffer has instructed defaulting sugar mills to clear dues of sugarcane growers before June 15. He convened a meeting with the representatives of mills of the district at his office on Tuesday and issued strict instructions in this regard.
Sugar mills in India have achieved 2.8 million tonnes of the sweetener exports so far this season, 56 per cent of the cumulative 5 million tonnes of total minimum indicative export quota (MIEQ) allotted for the current season (October 2018 – September 2019). “Indian mills have contracted for 3 million tonnes of sugar exports of… Read More »
Brazil’s center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday. FCStone cut its projection for sugar production in Brazil’s main producing belt to 27.8 million… Read More »
Sugar millers in Maharashtra have sought the intervention of the Niti Aayog to ensure long term purchase agreements with Oil Marketing Companies (OMCs) on the lines of power purchase agreements with the cogeneration units set up by sugar factories. Sanjay Khatal, MD, Maharashtra State Cooperative Sugar Factories Federation (MSCSFF), pointed out that since sugar mills… Read More »
Declining sugar production from major Asian producers in 2019/20 is seen contributing to a global supply deficit for the year, broker INTL FCStone said on Tuesday. Production of white sugar in India, Asia’s top producer, is seen falling to 28.6 million tonnes in 2019/20 from its record-large 2018/19 crop of 32.9 million tonnes,