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
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.
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.
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.
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.
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.
June 03, 2018 7:06 am
Distilleries in Punjab have the capacity on paper to consume 25 lakh quintals of molasses. In reality, though, they use up only 17 lakh quintals. Mills manage to sell around 5 lakh quintals to other states, while the rest is carried over.
June 03, 2018 7:06 am
While mills are required, by law, to pay the SAP amount within 14 days of cane purchase, the Malakpur factory has till date disbursed a mere Rs 32 crore. That amounts to less than 7 per cent of what is due to its 34,000-odd farmers.
December 23, 2015 12:49 am
Pankaja Munde, Ashok Chavan among those asked to clear dues by Dec 31.
June 19, 2015 2:03 am
Till May end, total unsold sugar stock was 73 lakh MT.