After successfully getting clear buyers for four out of 11 factories of the Uttar Pradesh State Sugar Corporation (UPSSCL) that were put forward for disinvestment, the Mayawati government has now embarked onto the next stage to disinvest those six factories which did not get a good response in the last round. Of these six mills, three had received single bids and t....More

Sugar prices dropped sharply on Wednesday as mills started to sell below the base price of Rs 2,700 a quintal fixed last Thursday. Parity between resale delivery and direct purchase from mill, the trading volume was low. On Wednesday the spot price dropped Rs 30 a quintal for S-grade and Rs 75-80 for M- grade. Mr Tokershi Dedhia of Surya traders said that spot mark....More

Sugar prices on Tuesday declined marginally on lack of parity and thin volumes. Reports from Kolhapur and Sangali said that mills, on Monday evening, reduced rates by Rs 35 and Rs 45 a quintal. Local demand was poor and the low volume kept price movement range-bound, said trade sources. On the spot on Tuesday, due to slack arrivals, S-grade sugar price rose Rs 10 an....More

It will never be easy to solve the riddle as to why the Indian sugar mill industry has remained beyond the pale of reforms. Since 1991, there have been bursts of dismantling of controls benefiting almost every sector of the economy, sans of course sugar. The hand of government is there from cane price fixing to how much sugar the mills should make over to the state a....More

Sugar market witnessed a correction of Rs 10-30 in spot and naka delivery rates on Monday, after rising over Rs 150 on Friday and Saturday. At higher levels, profit-booking by stockists weighed on the market, whereas mills were quoting their sale prices. But due to lack of parity at higher levels, the response from stockists was poor. Stockists turned to resale, wh....More

New DelhiIndia’s sugarcane output in the 2010-11 crop marketing season that starts in October is expected to be around 370 million tonne, almost 57 million tonne more than 2009-10. The crop is expected to be sown in around 52.8 lakh hectares, up from 44.5 lakh hectares this year, the Indian Sugar Mills Association (ISMA) said in its latest cane acreage estimate for 2....More

Chennai: Empee Sugars and Chemicals will start making white sugar at its upcoming sugar complex in Tamil Nadu by importing raw sugar from Brazil. Going forward the company will increase the capacity of its new facility to 8,000 TCD (tonne crushed per day) based on cane availability, MP Purushothaman, chairman and managing director of Empee group told FE. “The 5,0....More

At a time when the industry is actively pitching for decontrol in the sugar sector, the Uttar Pradesh government as well as sugar millers, the two important stakeholders of the sugar chain in Uttar Pradesh, the second largest sugar producing state in the country, are trying to find out ways for making the sector more robust and viable and in sync with the global mark....More

The `18,000-crore fertiliser major Indian Potash (IPL) is seeking to diversify and making a big entry into the sugar sector. Taking many sugar biggies by surprise, IPL, which is essentially a fertiliser company, has bagged two sugar mills in the Uttar Pradesh government’s ongoing privatisation programme. Indian Potash managing director PS Gahlaut told ET that the....More

Mumbai: Indian spot sugar jumped 6% to reach the highest level in over two months on Friday as traders raised prices to pass on the hike by millers, three dealers said. In Kolhapur, a key market in top producer Maharashtra, the most traded S-variety sugar jumped 6% to Rs 2,755 ($58.7) per 100 kg, the highest level since May 10. In Vashi, another spot market in Maha....More