Raw sugar futures on ICE strengthened on Tuesday, boosted by gains in crude oil, while a weaker pound boosted prices for London cocoa.
The sugar production of Maharashtra till January 6, 2019 has gone up by 13.29 per cent as compared to same time last year, according to the statistics released by Sugar Commissionerate. Pune region has produced 199.74 lakh quintals of sugar and has topped the state in sugar production, followed by Kolhapur with 117.82 lakh quintals.… Read More »
The task force formed by the ministry of Agriculture to look into the issues bedeviling the sugar sector will start public participation forums today amid objection by farmers.In an advert in the local dailies, the sugar task force technical committee will meet stakeholders in the industry in the various sugar companies from today to Friday.… Read More »
Germany’s second-largest sugar refiner Nordzucker on Tuesday was the latest European producer to report a slump in earnings following a collapse in prices. Unlisted Nordzucker said net profit fell to about 17 million euros ($19.6 million) in the nine months to end November 2018 from around 143 million in the same year-ago period. Sales fell… Read More »
Sugar mills in the country have raised the price of sugar citing the rise in the price of sugarcane. Citing that the government fixed the price of cane for the ongoing fiscal year at a high rate, which is unbearable for them, sugar mill operators have increased the factory price of the sweetener from Rs… Read More »