At present, the biggest concern for India’s sugar industry is the sudden decision of the Union government to put brakes on export. Aditya Jhunjhunwala, president of Indian Sugar Mills Association (ISMA) — the private millers association — said such knee-jerk reactions can not only queer Indian sugar industry’s pitch in the international market, but also…
In view of the expected surge in sugar production in the coming 2022-23 season that starts in October, sugar mills have urged the Centre to revisit its ongoing export policy and allow exports of about 8 million tonnes of the sweetener under Open General License (OGL) to maintain stable domestic market conditions. According to sources,…
Sugar exports from India, the world’s largest producer and second biggest exporter of the sweetener, touched a record 8.6 million tonne till May of the ongoing 2021-22 marketing year ending September, said the latest data released by industry body ISMA on Wednesday. The country had exported total 7 million tonne of sugar in the 2020-21…
India’s sugar production and exports for the 2022-23 season starting October are set to decline on likely higher diversion of sugarcane to ethanol production. The Foreign Agriculture Service, US Department of Agriculture (USDA), in its latest report, has forecast the country’s sugar production at 35.8 million tonnes (mt) for 2022-23 against 36.88 mt in the…
KOCHI: The excise enforcement squad seized 760 litres of spirit concealed in a tank underneath a toddy shop at Thottakkattukara near Aluva on Thursday night. The excise department has arrested two persons and is searching for three persons, including the licensee of the toddy shop, said an officer. The enforcement squad had carried out the…
Indore: Excise department have sealed three bars in city suspending license for one week after bar owners were found serving alcohol to youngsters aged less than 21 years. The suspension of license was carried out on directions of district collector Manish Singh, an official release said. The teams of the excise department had inspected FL…
Even after a fortnight since the launch of the new excise policy in Jharkhand, the state excise department has, so far, failed to streamline liquor sales due to a slew of factors that range from scarcity of stock, erratic shop timings and unavailability of digital payment modes, thereby. Ranchi: Even after a fortnight since the…
BENGALURU: The new billing software for online purchase of alcohol by all retail licensees at the Karnataka State Breweries Corporation Limited (KSBCL) has reportedly created a logjam amid a temporary shortage of stocks of alcohol, sources on condition of anonymity told TNIE. The Excise licencees (retailers) are planning to go on strike against the new…
KOCHI: Kerala Excise Special Squad seized more than 8000 litres of spirit which was kept hidden in a secret chamber at a paint company in Edayar Industrial Area near Kochi on Thursday. The excise squad has arrested two persons in connection with the seizure. According to Excise officials, the spirit was found in 243 jars…
The country’s sugar production is projected to rise by 13 percent to 35 million tonne, while exports are likely to be 9.5 million tonne in the ongoing marketing year ending September 2022, according to the Food Ministry. About 99.5 percent of cane dues amounting to Rs 92,480 crore of the previous year have been cleared,…