Latest News

Latest move on service tax on distillers raises concern. BS. 1-1-07

A recent draft circular, put out for public responses/comments, of the department of revenue in relation to levy of service tax on distillers, under the heading of business auxiliary services, has caused widespread concern. read more »

Sugar production hits record 26.95 lakh tonnes so far. F&B, Nov. 2006

The country has produced a record 26.95 lakh tonnes of sugar as on November 30 in the 2006-07 sugar year. This is an increase of about 22% over the last year's corresponding production of 21.95 lakh tonnes. read more »

Cane SMP Fixed at Rs 81.18 Per Quintal. F&B New, Dec. 2006

The Centre has fixed the statutory Minimum Price (SMP) of sugarcane for the 2007-08 season at Rs. 81.18 per quintal linked to a basic recovery of 9%. The decision was taken at the meeting of the Cabinet Committee of Economic Affairs (CCEA). read more »

Higher price prospects augurs for Indian sugar exports. F.E., Dec. 2006

Indian sugar industry need not lament for missing the opportunity for exports due to the earlier ban imposed by the government at a time when the global prices were ruling high at $450 a tonne. The global prices, which has recently come down to around $320 a tonne are likely to appreciate further showering a boon on Indian exporters. read more »

Govt to discuss total lifting of sugar exports ban. F.E., Jan. 07

The Cabinet Committee on Prices (CCP) in its next meeting, is slated to deliberate on the issue of totally lifting the ban on sugar exports. The government had imposed a ban on sugar exports on July 4 last year, in response to rising prices in the domestic market caused due to hoarding and manipulations in the futures market. read more »