Top Headlines
  • Maharashtra sugar mills now have to sign separate agreement with farmers for cane registrations, supply and payments

    By Mar 04, 2020 4:32 PM

    Earlier factories would sign a single agreement with farmers that contained details on the cane variety, amount of cane supply and the FRP to be paid in instalments to far...

  • India likely to export 50 lakh tonnes sugar in 2019-20, says ISMA

    By Mar 04, 2020 4:27 PM

    In Maharashtra, sugar production till 29th February 2020 was 50.70 lakh tonnes , compared with 92.88 lakh tonnes produced last year same period. In the current 2019-20 SS, out of 145 sugar mills operated, 25 sugar mills have ended their crushing due to non-availability of cane in their area.

  • Kenya seeks to stop illegal sugar imports, improve sector

    By Mar 03, 2020 3:32 PM

    A taskforce recommends the barring of local millers from importing sugar from Comesa. Kenya is currently a net importer of sugar mainly from Comesa countries. The Comesa imports are duty free, meaning the sugar is cheaper than the locally produced, giving incentives for more imports.

  • Sugar, alcohol, beverage industries under stress in Karnataka

    By Mar 03, 2020 3:26 PM

    BENGALURU: Over-regulation and pricing in the sugarcane industry, erratic growth in the alcohol and beverage industry and lack of uniformity of licences in the tourism industry — these were some of the findings of a study conducted in Karnataka. The study — An Integrated Value Chain Approach to Ease of Doing Business: A Case Study of Sugar, Alco-Bev, and Tourism — conducted by the Pahle India Foundation, was released in the city on Monday. It found that with respect to alcohol, duties have grown at CAGR (Compound Annual Growth Rate) of 6 per cent since 2013. “The year-on-year growth has become more erratic. This presents formidable problem for business planning and continuity. Close to 44 procedures and approvals are needed for production and movement of alcohol,” the study pointed out.

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Spot Prices
Cotton: Maharashtra (19/Oct 10:35 AM)

AGD (BB/29M) 37,000 300 0.82 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 37,800 0 0.00 %
Yarn: Punjab (16/Oct 02:35 PM)

Ludhiana(20S Comb(Wrap)) 175 9 5.42 %
Future Prices (19/Oct 10:23 AM)
ICE Cotton No.2 (USC/LB)
Dec 31, 2020 70.83 0.91 1.30 %
Mar 01, 2021 71.45 0.89 1.26 %
May 31, 2021 72.07 0.84 1.18 %
ZCE (Yuan/Ton)
Nov 30, 2020 14,635.00 475.00 3.35 %
Jan 31, 2021 14,895.00 430.00 2.97 %
Mar 31, 2021 15,025.00 495.00 3.41 %
Exchange Rates (19/Oct 10:23 AM)
1 US $ = Rs 73.41
0.07 0.10%
1 UK £ = Rs 94.88
0.05 0.05%
1 Eur € = Rs 85.93
0.11 0.13%
100 ¥en = Rs 69.63
-0.05 -0.07%
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