Atul Chaturvedi, the Chairman of Renuka Sugar revealed that the anticipated sugar production for the country is likely to surpass 32.0 million tons, a figure higher than earlier projections. Sugar prices to hold firm amidst surge in production during off-peak season This comes amidst stable domestic sugar prices and anticipation of government intervention to maintain […]
The sugar production in India experienced a decline of 2.48 per cent, totalling 22.36 million tonne until 15 February in the ongoing 2023-24 marketing year, according to the latest data released by the Indian Sugar Mills Association (ISMA). Comparatively, during the same period in the previous year, sugar production stood at 22.93 million tonne. The […]
Avadh Sugar & Energy, a K K Birla group company, has reported a net profit of Rs 29 crore for the quarter gone by as against a loss of Rs 16 crore in the same quarter the previous year. The total income of the company during the quarter stood at Rs 799 crore, compared to […]
The Government of India has taken proactive measures to ensure the stable retail price of sugar in the country by issuing orders that mandate weekly stock disclosures of sugar by Traders/Wholesalers, Retailers, Big Chain Retailers, and Sugar Processors. This initiative aims to combat hoarding and curb speculative practices in the sugar market, read the Ministry […]
The Centre is likely to implement a blanket ban on sugar export in response to rising prices and lower-than-expected production in the 2022-23 season, which began in October. According to the current quota, millers are permitted to sell around 6 million tonnes of sugar in the 2022-23 crop marketing year (October to September), down from […]
