-Financial Express Directions have been issued to ensure that all the cane in the area is crushed and if the sugar mill is not in a position to do this, the mill should coordinate with other mills in the neighbouring area. Maharashtra’s sugar commissioner has issued a notification warning Sugar Mills against shutting down operations without informing the Commissionerate and giving prior notice to farmers. The move comes in the wake of...
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Ten Sugar Mills in UP to pay 12% simple interest on delayed payment to farmers -Deepa Jainani
-Financial Express Under the Act, sugar mill owners are bound to pay interest if they fail to make the payment to farmers within 14 days of purchase. Complying with an Allahabad High Court order, the Yogi Adityanath government has asked 10 Sugar Mills in the state to pay 12% simple interest to the farmers for the late payment of their sugarcane dues for three financial years: 2012-13, 2013-14, and 2014-15. These 10 mills...
More »Sugar surplus may drop due to U.P. rains, higher ethanol capacity
-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...
More »Why the sugarcane-crushing season is set to start on a bitter note -Radheshyam Jadhav
-The Hindu Business Line Surplus stocks, high cost of production among worries Sugar Mills in India gear up to start the new crushing season this month with a concern. Sugar production has grown at an annual growth rate of 5.6 per cent over the past two decades, while consumption has grown at 2.4 per cent per annum. In the last five years, consumption of sugar has remained relatively static at about 25...
More »Is ethanol blending in petrol really green? -Jasleen Bhatti
-Down to Earth Aggressive sugarcane farming contaminates land, water The Union government intends to increase the amount of ethanol in the energy mix to lower the country’s dependence on imported oil and carbon footprint, as well as stabilise petrol prices. India currently blends about 8.5 per cent ethanol in petrol. The government is targeting a 10 per cent ethanol blend by 2022 and a 20 per cent blend (E20) by 2025. E20 can save...
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