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Sugar mills in Maharashtra warn of delayed payment to farmers due to bank policies

Unpaid arrears, no clarity on subsidy programme worry millers; sugar exports may take a hit

October 04, 2020 3:12 am

As mills in Maharashtra prepare for a bumper season with sugar production estimates being touted to be well over 100 lt, unpaid dues is a major concern for them. Sources in the industry did not sound optimistic about early clearance of dues

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Maharashtra: State govt indicates readiness to provide bank guarantee to cooperative sugar mills

August 07, 2020 12:55 am

Officials said the state government has asked them to ensure the pre-seasonal loans have to be repaid before the end of the season. “So, the banks will not revoke the guarantee and save the government from coughing up the amount if mills fail to repay it,” he said.

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Brazil puts onus on India to 'balance' world sugar market

May 28, 2020 12:20 pm

Eduardo Leão de Sousa, executive director of Brazilian Sugarcane Industry Association, said Indian mills diverting more cane juice for ethanol will bring down sugar production and prop up global prices.

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Sugar mills stare at losses after Centre’s U-turn on policy

February 21, 2019 4:53 am

Buoyed by a 2014 policy that encouraged cogeneration plants, the mills had undertaken either expansion or setting up of green field cogeneration plants, only to be deemed ineligible by the end of 2018. In fact, a mill that had received central assistance has now been asked to refund the amount or face criminal action.

Cane arrears up to Rs 11,000 cr, set to mount before polls

January 07, 2019 7:39 am

In Uttar Pradesh, mills are blaming low sugar prices for the inability to pay SAP to farmers. At ex-factory rates of Rs 3,100-3,150 and average recovery of 10.9 per cent, mills can realise Rs 338-343 from every quintal of cane that is crushed.

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Cabinet decision: Sops for more ethanol output from sugarcane

September 13, 2018 1:41 am

For ethanol derived from B heavy or B grade molasses, the price has been raised from Rs 47.49 to Rs 52.43 for every litre. The ex-mill price for ethanol produced from 100 per cent sugarcane juice, so that no sugar is produced from it, is Rs. 59.19 per litre.