Mumbai, Feb. 2: Demand for sugar was firm at higher prices on Thursday on the physical market, lifting rates by Rs 10-20 a quintal across the country. The sweetener extended gains on lower non-levy quota for February. On the Vashi wholesale market, spot sugar rose by Rs 15. Naka rates increased by Rs 10-20. Mill tender rates were up Rs 20 a quintal on new dema....More

Sugar output in the current 2011-12 season may exceed its initial projections of 26 million tonnes on higher cane area across the country and better recovery in Maharashtra, the Indian Sugar Mills Association (ISMA) said on Wednesday. “Sugar production in 2011-12 would be at least 26 million tonnes with an upward bias, if any,” ISMA said in a statement. This is b....More

Sugar prices across the country firmed up on Wednesday by Rs 20-25 a quintal on lower non-levy quota announced by the Centre for February. On the Vashi wholesale market, spot price was up Rs 10 for S-grade and Rs 20 for M-grade. Naka and mill tender rates rose by Rs 20-25 a quintal on new demand. Traders said though non-levy normal free-sale, leaving out carryove....More

The government will likely allow 1 million tonnes of fresh sugar exports this marketing year in a bid to help cash-strapped mills take advantage of higher prices abroad and repay farmers for previous cane purchases, official sources said on Monday. The food ministry is also considering proposing some changes to the export permit rules to expedite cash flow into th....More

“The committee would look into all the issues relating to de-regulation of the sugar sector and it has been requested to complete its task as early as possible and give its recommendations to the Prime Minister,” a statement issued by the PM’s Office said. Other members of the committee are Kaushik Basu, chief economic advisor in the finance ministry; Ashok Gulati....More

New Delhi: Prime minister Manmohan Singh today constituted an expert committee, headed by his Economic Advisory Council chairman C Rangarajan, to examine issues related to decontrol of the sugar sector, reports PTI. Earlier this month, representatives of the apex sugar industry bodies ISMA and NFCSF had met finance minister Pranab Mukherjee, seeking partial decont....More

Indicating that it is serious about decontrolling the sugar sector, the Government has set up high-level expert committee under Dr C. Rangarajan, Chairman, Prime Minister’s Economic Advisory Council (EAC), to examine related issues. The six-member committee will look into all the issues relating to de-regulation of the sugar sector and has been asked to give....More

LONDON, Sept 30 (Reuters) - ICE sugar and cocoa futures fell on Friday, tracking widespread losses in commodities and other financial markets as investors focussed on the euro zone’s deepening debt woes. Arabica coffee futures on ICE bucked the trend as the market finally began to find support after dipping to the lowest level in more than eight mont....More

for February delivery on the National Commodity and Derivatives Exchange almost remained steady and shed 0.25% to R2,847 per quintal in intraday trade on Friday, as expectations of the government allowing fresh exports blunted the impact of higher supplies. The country’s sugar output rose 19% between October 1 and January 15 from a year earlier to 10.45 million t....More

and March 2011 due to the late decision by the government. In November last year, the EGoM had approved sugar exports of one million tonne during under the open general license. Food minister KV Thomas said last month that further sugar shipments in 2011-12 will be allowed at “an appropriate time”. India, the world’s second-largest sugar producer and the bigges....More