Aiming to promote investments in the sugar industry ensuring a hassle-free business environment, the UP government has decided to set up a portal for online approval of projects for setting up ethanol plants across the state. Chief Minister Yogi Adityanath has directed officials to grant approvals to the investors within a fortnight from the date… Read More »
Arabica coffee futures on ICE closed slightly down on Tuesday after earlier hitting a fresh 4-1/2-year high with continuing support from a drought in top producer Brazil. Sugar and cocoa closed up.
On a consolidated basis, Balrampur Chini Mills’ net profit slipped 2.46% to Rs 235.50 crore on 41.41% decline in revenue from operations to Rs 1,019.35 crore in Q4 March 2021 over Q4 March 2020. Profit before tax jumped 35.19% to Rs 306.24 crore in Q4 FY21 as against Rs 226.52 crore in Q4 FY20.
MSM Sugar Refinery (Johor) Sdn Bhd (MSM Johor), a wholly-owned subsidiary of MSM Malaysia Holdings Bhd (MSM), has completed its boiler rectification works as part of its improvement programme and is expected to resume sugar production and packing on June 4, 2021. In a statement today, MSM group chief executive officer Syed Feizal Syed Mohammad… Read More »
Sugar production between October 1, 2020, and May 31 rose to 305.68 lakh tonnes — 35.63 lakh tonnes higher than that of the corresponding period in the 2019-20 sugar season. Compared with 18 sugar mills that were crushing sugarcane on May 31 last year, only seven, located in Uttar Pradesh and Tamil Nadu, were into… Read More »