" Compared to 426 mills which were crushing sugarcane on Dec 15, 2013, ISMA said 442 sugar mills have started their operations as on Dec 15 this year."
New Delhi, Dec 18 - The government will take a decision soon on extending incentives for raw sugar exports, an official said Thursday.

We will soon consider export incentive for raw sugar, Food Secretary Sudhir Kumar told a meeting of mill owners here organised by the Indian Sugar Mills Association (ISMA).

The government gave financial incentives of up to Rs.3,371 a tonne for raw sugar exports in the 2013-14 sugar season ended September.

Meanwhile, ISMA said in a release here that the country's sugar production rose by 47 percent to 4.2 million tonnes till Dec 15, leading to a fall in ex-factory prices. Production in the year-ago period stood at 2.9 million tonnes.

Compared to 426 mills which were crushing sugarcane on Dec 15, 2013, ISMA said 442 sugar mills have started their operations as on Dec 15 this year.

Since ex-mill sugar prices are lower than last year but the sugarcane prices are higher, the cane price arrears which had crossed Rs.12,500 crore in March 2014, in the last sugar season may be higher unless the sugar prices improve, ISMA said.


comments powered by Disqus
Read more on:
 
PERMALINK

http://www.nerve.in/news:2535002429429
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.

STORY OPTIONS
  Email this story to a friend
  XML feed for India
 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.