IndiaCatalog.com
India News
Search Web Directory
News Home
Govt gives sugar mills time till Dec 31 to export last year's balance quota
Posted on 11th November 2019
The government on Monday gave sugar mills three months more till December to export the last year's balance quota of the sweetener.

Mills were able to export about 3.8 million tonne of sugar during the 2018-19 marketing year (October-September) due to depressed market conditions, against the target of 5 million tonne under the Minimum Indicative Export Quota (MIEQ) scheme.

"Now, it has been decided by the central government to allow those sugar mills, which had partially exported their MIEQ of 2018-19 till September 2019, to export the balance quantity of their MIEQ by December 31, 2019," said a fresh notification issued by the food ministry.

This will be over and above the quota allocated for the ongoing 2019-20 marketing year.

A senior food ministry official said that much of the sugar during the last year was exported to the Middle East, Iran, Afghanistan, Bangladesh and Sri Lanka.

For the current year, the government has fixed an export quota of 6 million tonne under the MIEQ. Mills are hopeful that the quota will be fulfilled as the global market is facing 4 million tonnes of deficit.

India has started the 2019-20 marketing year with an all-time high opening stock of 14.5 million tonne against a requirement of 3-5 million tonne.

The government has pegged sugar output to decline to 28-29 million tonne for the current year from 33.1 million tonnes during 2018-19 due to sharp fall in cane acreage in Maharashtra and Karnataka.

Whereas industry body ISMA has projected the country's output to touch a three-year low at 26 million tonne during 2019-20.

There are 534 mills in the country. Mills in Uttar Pradesh have started the crushing operation, while it is delayed in Maharasthra and Karnataka.

Other Latest News
Adani Gas crashes 14% on report of gas regulator's notice on non-disclosure
Posted on 24th January 2020

Shares of Adani Gas slipped 14 per cent to Rs 148 on the BSE in Friday's session on reports that Petroleum and Natural Gas Regulatory Board of India (PNGRB) has sent a notice to the company for failing to disclose crucial information regarding a scheme of arrangement with Adani Enterprises.

According to the report by TV channel CNBC Awaaz, Adani Gas has bid for gas projects using networth calculations of Adani Enterprises and that the company’s shareholding changes and restructuring violated city gas distribution regulations.


Shiv Sena questions Centre on democracy ranking drop, economic woes
Posted on 24th January 2020

The Shiv Sena on Friday said there have been attempts to muzzle dissenting voices and this is one of the reasons for India slipping in the 2019 Democracy Index’s global ranking. An editorial in Sena mouthpiece Saamana said a slowdown in economy gives rise to unrest and instability, and this was getting reflected in the prevailing situation in the country.

Now (after an economic slowdown) there is a slide in (India’s) global democracy index ranking, the Marathi daily said.


Grilled on CAA at WEF, Goyal says Muslims in India safer than anywhere else
Posted on 24th January 2020

Union minister Piyush Goyal on Thursday said Muslims in India are safer than most places in the world.

India is probably one of the most inclusive societies in the world, Goyal said here at a session on 'Strategic Outlook: India' at the WEF 2020.


Judge who issued death warrants against Nirbhaya rapists transferred to Supreme Court registry
Posted on 24th January 2020

A Delhi court judge who issued death warrants for all four convicts in Nirbhaya case has been transferred to the Supreme court registry.

Judge Satish Arora has been appointed as additional registrar in the Supreme Court on a deputation for a year.

Satish Arora had been hearing the petition of parents of Nirbhaya seeking to expedite the process of execution.


Companies announce clinical trials for vaccine against China virus
Posted on 24th January 2020

Clinical trials for a vaccine against the new virus sweeping China could be carried out in the summer, the head of an anti-epidemic coalition said on Thursday, as different companies announced research into the disease.

We can announce that we have three partnerships to develop vaccines against the novel coronavirus, Richard Hatchett, chief executive of the Coalition for Epidemic Preparedness Innovations (CEPI), said in Davos.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Govt gives sugar mills time till Dec 31 to export last year's balance quota
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Govt gives sugar mills time till Dec 31 to export last year's balance quota

Most Read News

HCL Tech falls 5% from day's high on profit booking post Q3 results

Citizenship Act: SC refuses to grant stay, gives Centre four weeks to reply

India ranks 76th on WEF's Social Mobility Index, Denmark tops the list

HDFC Bank slips over 1% as Q3 provisions rise; analysts maintain 'Buy'

Adani Enterprises denies wrongdoing in coal supply contracts case

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement