Uncertainties regarding supply this year are rising in Brazil and India which in turn are posing upside risks to the forecasts of sugar prices.
The Union government’s push to increase the blending of ethanol in auto fuels is set to result in increased revenues to cash-strapped sugar mills.
The police have also seized Rs 1 lakh cash from accused SK Abdul Hamid, Manoj Kumar Das, Ajay Kumar Sarangi, and his sister-in-law Kunilata Sarangi.
Sources said the drug peddlers are procuring brown sugar from West Bengal by either using private transport or boarding buses.
In February, NSDL employees had organised a padayatra from Bodhan to Hyderabad and submitted a memorandum to the State government, citing their demands and the issues they were facing.
Vijay Nirani, Managing Director of Nirani Sugars, was accused of flouting tender norms and failing to pay Rs 20 crore in dues to the government over the Pandavapura factory.
MSCB then floated a tender to which 15 companies responded and Guru Commodity Services' bid of Rs 65.75 crore was the highest one, the bank sold to company, he said.
This development comes after the bank lodged an application with the National Company Law Tribunal last year, to start corporate insolvency resolution process against Sakthi Sugars.
Sugarcane cultivators in Palacode are predicting a bleak season as groundwater levels have sunk alarmingly low.
Mills have contracted to export 5.85 million tonnes of sugar so far, as against the 6 million tonnes quota assigned by the food ministry in January this year.
Several growers, including Shivangouda Patil from Belagavi object to the shifting of the office of Sugar Commissioner from Belagavi to Bengaluru recently.
Commissionerate Police seized over one kg of brown sugar worth about `1 crore and arrested three drug peddlers in the city.
According to both government and industry estimates, achieving full E20 rollout by 2025 would require oil companies to procure 10 billion litres of ethanol from the market.
More than 5.8 million Indians die every year from NCDS such as cancer, diabetes, uncontrolled hypertension and cardiovascular diseases.
The CM decided to expand the scope of Rajiv Gandhi Kisan Nyay Yojana and to cover all the major Kharif crops like maize, soyabean, sugarcane, kodo-kutki, pulses along with paddy.