On the back of the government initiative to drive biofuels production in the country, sugar mills have lined up fresh investment to the tune of INR 60 billion (US$840 million) to upgrade for producing ethanol from sugarcane, according to local press reports.
One of India’s top sugar companies Balrampur Chini Mills is investing in a new ethanol plant that will increase its capacity from the current 115 million litres to 18 million litres.
A delegation from the Indian sugar industry recently held discussions with top representatives of all three sugar refineries of South Korea in Seoul with a view to increasing exports of raw sugar, according to local press reports.
Brazil’s trade chamber ‘Camex’ has approved an authorization for the country to open consultations with the World Trade Organization (WTO) Dispute Settlement Body, to challenge subsidies it says India gives to cane growers and sugar exporters, according to various press reports.
Australia lodges complaint against India at the WTO over its sugar export subsidies [Full subscriber]
Australia has referred India to the World Trade Organization (WTO) over subsidies to the sugar industry which has helped it expand sugar production and contribute to the current global surplus which has seen price fall below UScents10/lb, and has adversely affected Australia’s sugar industry.
India plans to export 2 million tonnes of sugar to China to cut trade deficit with the neighbouring country, a government statement said, according to local press reports.
Bangladesh’s commerce ministry agreed to withdraw the 40% duty on sugar imports from India on 1st November. The commerce Minister Tofail Ahmed made the announcement at a press briefing after talks with the Indian Food and Public Distribution Secretary Ravikant at his secretariat office in Dhaka.
The Uttar Pradesh government recently approved six bioenergy investment proposals worth almost INR17 billion (US$231 mln), according to local press reports.
India – Government approves export subsidy for 5 million tonnes sugar in 2018/19 season [Full subscriber]
The Indian government on 26th September approved an INR45 billion (US$617 mln) package for the sugar industry that includes over two-fold jump in production assistance to cane growers and transport subsidy to mills for export up to 5 million tonnes in the marketing year 2018-19, according to local press reports.
The government has so far received around 150 proposals from sugar mills seeking soft loan under the newly legislated national biofuels policy encouraging expansion and setting up of a new ethanol capacity, a senior Food Ministry official said, according to local press reports.