Indian Sugar Mills Association Isma

The exports for 2020-21 were 20 per cent more than 5.9 million tonnes of sugar, which was exported during the 2019-20 marketing year

In a world where sugar has attracted increasing scrutiny for its impact on health and obesity, there are moves afoot in the biggest consuming country to persuade people to eat more of the sweetener.

India, the world's biggest sugar consumer, is likely to start the 2015-16 marketing year on October 1 with carry-forward stocks of 10.3 million tonnes, up 37 per cent from the current year, an industry body said on Wednesday.

Any trader or entity can export sugar to the European Union and the US under the tariff rate quota (TRQ), which entitles shipments to enjoy low tariff.

Welcoming the decision, Indian Sugar Mills Association (ISMA) said: "The mistake of reducing the export incentive for April-May even though the rupee had appreciated, is now rectified. Sugar exports, which could not take pace in last two months due to cut in incentive, will now resume."

Sugar output has dropped 50 per cent to 24.24 lakh tonnes so far this season (2013-14) due to a delay in sugarcane crushing operations, especially in Uttar Pradesh, according to the Indian Sugar Mills Association (ISMA).

The government is likely to take a final call before this Christmas on a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane growers, according to Food Minister K V Thomas.

Abinash Verma, director-general of the Indian Sugar Mills Association (ISMA), said meetings had taken place between cane growers and mills in Uttar Pradesh, a key growing state, paving the way for a resolution of the dispute soon.

The government plans to increase import duty on sugar to 15 per cent from the current 10 per cent in order to curb shipments and clear sugarcane arrears to farmers estimated at about Rs 9,000 crore, Foof Minister K V Thomas said on Thursday.

The country's sugar production has increased by 14 per cent to 21.16 million tonnes till March 15

Industry body ISMA hailed government's decision to form an expert committee to examine sugar decontrol

The exports for 2020-21 were 20 per cent more than 5.9 million tonnes of sugar, which was exported during the 2019-20 marketing year

In a world where sugar has attracted increasing scrutiny for its impact on health and obesity, there are moves afoot in the biggest consuming country to persuade people to eat more of the sweetener.

India, the world's biggest sugar consumer, is likely to start the 2015-16 marketing year on October 1 with carry-forward stocks of 10.3 million tonnes, up 37 per cent from the current year, an industry body said on Wednesday.

Any trader or entity can export sugar to the European Union and the US under the tariff rate quota (TRQ), which entitles shipments to enjoy low tariff.

Welcoming the decision, Indian Sugar Mills Association (ISMA) said: "The mistake of reducing the export incentive for April-May even though the rupee had appreciated, is now rectified. Sugar exports, which could not take pace in last two months due to cut in incentive, will now resume."

Sugar output has dropped 50 per cent to 24.24 lakh tonnes so far this season (2013-14) due to a delay in sugarcane crushing operations, especially in Uttar Pradesh, according to the Indian Sugar Mills Association (ISMA).

The government is likely to take a final call before this Christmas on a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane growers, according to Food Minister K V Thomas.

Abinash Verma, director-general of the Indian Sugar Mills Association (ISMA), said meetings had taken place between cane growers and mills in Uttar Pradesh, a key growing state, paving the way for a resolution of the dispute soon.

The government plans to increase import duty on sugar to 15 per cent from the current 10 per cent in order to curb shipments and clear sugarcane arrears to farmers estimated at about Rs 9,000 crore, Foof Minister K V Thomas said on Thursday.

The country's sugar production has increased by 14 per cent to 21.16 million tonnes till March 15

Industry body ISMA hailed government's decision to form an expert committee to examine sugar decontrol