Illegal sugar trading continues at the border area of Myawady in Kayin State despite the government suspension of sugar import and re-export, an official of a local sugar trade group said. To control the unstable foreign currency exchange rate, the Ministry of Commerce temporarily stopped issuing re-export licenses for sugar and fuel in August.
With the government fixing the price of sugarcane, sugar industries have resumed their operation in various districts of Tarai. Sugarcane price was fixed during a meeting of Sugar Producers’ Federation and the Ministry of Industry. Sugar industries came into operation after the price of sugarcane was determined during a meeting between representatives of Federation of… Read More »
There is a substantial decline in the area under sugarcane cultivation in Nayagarh district, which was once known as the ‘sugar bowl’ of Odisha with record sugarcane output, a report said. While sugarcane was grown in around 4,500 hectares in the district in 2012-13, it has shrunk to 1,650 hectares now. Farmers cited the closure… Read More »
Growers have been advised to start the cultivation of sugarcane from first week of February and complete it by March 15 to get a bumper yield. Spokesman of the agriculture extension department said that farmers should cultivate approved varieties of sugarcane over maximum space.
Stakeholders of the sugar industry are not that optimistic with the government’s decision to liberalize sugar imports in the country as a means to address the spike in the commodity’s retail prices. In a statement, members of the Sugar Regulatory Administration (SRA) board said the move “will spell the demise of the sugar industry,” adding… Read More »