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 »
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).s read more »
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 »
A mix of falling global oil prices and a likely bumper sugar production in Brazil is going to further sharpen the competitive edge of India’s cost-efficient and employment-intensive pharmaceutical and textiles industries in the coming months. The reason - the likely increased availability of ethanol, a key raw material used in making a large number of every day products including medicine, garments, paints and nail polish, at lower prices. read more »
A mix of falling global oil prices and a likely bumper sugar production in Brazil is going to further sharpen the competitive edge of India’s cost-efficient and employment-intensive pharmaceutical and textiles industries in the coming months. The reason - the likely increased availability of ethanol, a key raw material used in making a large number of every day products including medicine, garments, paints and nail polish, at lower prices. read more »