Sugar Mills Current Affairs - 2020

Global Sugar Supply Chains hit globally

The international sugar prices have fell from 15 USD to 12 USD per pound. Also, the Indian Sugar Mills Association (ISMA) has reduced its off-take from mills in the last 15 days. The sugar stock in the wholesale market and retail markets have been sold completely according to ISMA. Highlights The fresh sugar procurement in Read More…

Govt approves creation of buffer stock for 40 lakh MT of sugar for 1 yr

Cabinet Committee on Economic Affairs (CCEA) has approved creation of a buffer stock of 40 lakh metric tonnes (LMT) of sugar. This buffer stock would be created for one year starting from 1 August 2019 to 31 July 2020. The decision of approving a buffer stock is to maintain demand-supply balance and to stabilise sugar Read More…

Minimum Selling Price of Sugar Increased by Rs 2/kg

The Central government has increased the minimum selling price (MSP) of sugar by Rs. 2 per kg to Rs. 31. Minimum Selling Price Minimum Selling Price is the rate below which the mills cannot sell sugar in the open market to wholesalers and bulk consumers like beverage and biscuit makers. Rationale behind the Increase The decision to increase the Read More…

CCEA approves determination of FRP payable by Sugar Mills for 2018-19 sugar season

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2018-19 keeping in view the interest of sugarcane farmers. It was approved based on the recommendation of Commission for Agricultural Costs and Prices (CACP). CCEA has hiked Rs. 20 per quintal Read More…