Government imposes 50% duty on molasses export from January 18
The Indian government has imposed a 50% duty on molasses exports and extended concessional duty rates on the import of edible oils. The move aims to i
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The Indian government has imposed a 50% duty on molasses exports and extended concessional duty rates on the import of edible oils. The move aims to i
Over the past year the stock has surged 50%, surpassing the Sensex by an impressive 32%, but as a first mover and market leader with no debt on its books, the company seems poised for further growth.
This measure is possibly in anticipation of low sugar production during the current crushing season from October 2023 to September 2024 after a weak monsoon, particularly in Maharashtra and Karnataka, which are major sugarcane producers.
Millers say that around 40 lakh tonnes of sugar can end up being diverted for production of ethanol by the end of December-November for the 2023-24 season.
During a recent event held in Shirdi, Prime Minister Narendra Modi posed a direct question to senior leader Sharad Pawar – ‘what did Sharad Pawar, as agriculture minister, do for the benefit of the farmers?’...