Follow our News

Indian sugar mills win government package of $ 1 billion

India's sugar mills have just had good news: the government announces a $ 1 billion financial package to help businesses. The amount is for the mills to pay their quotas to sugarcane producers.
The information on the package, released on last Wednesday (06/06), includes the creation of a government stock to absorb excess sugar supply in the domestic market and the granting for mills of loans worth 45 billion rupees ($ 671 million) to increase their ethanol production.
The announcements were from the Minister of Food, Ram Vilas Paswan.

 

Excess
Indian sugar prices are under pressure from overproduction and the outlook for a larger sugarcane crop next year, which reduces mill margins.
The government movement also aims to please voters in the strategically important state of Uttar Pradesh, which is a major producer of the commodity.

 

June 2018
Source: Jornal Cana - www.jornalcana.com.br

 

Av. Água Branca, 300 - Piracicaba - SP

Phone: +55 (19) 3437-5700
turbimaq@turbimaq.com.br
Linkedin

PRODUCTS AND PROJECTS
Technology and production capacity.

 

QUALITY POLICY
Management based on the ABNT NBR ISO 9001 standard.

 

TURBIMAQ 40 years - Steamed Passion