Archived Articles

January 23, 2015 Moneylife, By AK Ramdas  

The state government has sought interest free loans, restructuring of financing for sugar mills and providing interest-free bridge loans from the sugar development fund.

The Cabinet Committee on Economic Affairs (CCEA) has announced the FRP (fair remunerative price) of sugar at Rs230 per quintal, as against Rs220, for 2015-16 sugar season and is…

January 23, 2015 The Guardian 

As soon as the Governor General signs the Amendment to the Sugar Industry Act, the crop will start and include all cane farmers, much to the relief of the cane farmers, civil society, and the Government.

 The stand off finally ended on Monday, January 19, when the factory owners, the Belize Sugar Industries Limited (BSI), with their majority…

January 23, 2015 DNA India, By Shailendra Paranjpe

Political interference, corruption, personal interests, and want of professional management have melded together to create a financial moras in a key constituent of the state economy, the cooperative sugar industry. This year again, the sugar factories are facing problems for being unable to pay the fair and remunerative price (FRP) as decided by…

January 23, 2015 The Guardian, By Radica Sookraj

Twelve years after the closure of the sugar cane industry, Cabinet has finally approved $130 million compensation for cane farmers to be used for agricultural diversification.

The funds were provided by the European Union (EU) to address the negative social and economic impact of the closure of Caroni (1975) Limited in 2003.

…

January 23, 2015 The Moscow Times By A. Astakhova / Vedomosti

Russia's anti-monopoly watchdog said Friday it had launched two cases against companies suspected of colluding to artificially hike the price of sugar, as authorities step up efforts to curb rapid food price inflation.

The price of sugar jumped 40 percent in Russia last year, according to official statistics, and the…