Government Orders Sugar Mills to Maintain Stock Levels

The Indian government has issued an order mandating sugar mills operating through the vacuum pan process to maintain specific white/refined sugar stock levels tentatively until April 30, 2025. The order includes a table detailing the specific release quotas for each sugar mill, identified by plant code and name.

Sugar Mills Get Fourth Round of Export Quota Reallocation

The DFPD has examined requests from sugar mills, along with agreements for the exchange of export and domestic quotas. Based on these requests, additional export quantities have been allocated, and domestic quotas have been adjusted accordingly, as detailed in the attached Annexure.

Central Government Opens Window for Ethanol Production Boost

The Central Government has specified that applicants must secure loan disbursal from eligible financial institutions within one year or by June 30, 2024, whichever is later, from the date of in-principle approval by the Department of Food and Public Distribution (DFPD). Additionally, the project must be completed within two years from the date of the disbursement of the first installment of the loan.

India to Chair International Sugar Organisation (ISO) in 2024

The Indian sugar industry has undergone substantial modernization, expansion, and diversification, tapping into the potential of by-products to generate additional revenue streams. Throughout the challenges posed by the Covid-19 pandemic, the industry demonstrated resilience by operating mills during lockdowns and even contributing to the production of hand sanitizers to meet national demand.