Tag: Sugar

Govt issues revised order to allow use of sugarcane juice to make ethanol
Business

Govt issues revised order to allow use of sugarcane juice to make ethanol

The food ministry has issued a fresh order reversing ban on the use of sugarcane juice for making ethanol and allowed utilisation of the juice as well as B-heavy molasses to produce the green fuel in the 2023-24 supply year. The revised order comes days after the Centre on December 7 banned use of sugarcane juice and sugar syrup for the 2023-24 supply year (November-October) in an order to ensure adequate sugar supply in the domestic market and check prices. In a directive issued to all sugar mills and distilleries, the ministry said the oil marketing companies (OMCs) will issue a "revised allocation" of "sugarcane juice and B heavy molasses-based ethanol" for the 2023-24 supply year to "each distillery". OMCs have been asked to inform the food ministry after p...
Centre extends restriction on export of sugar beyond October: Govt order
Business

Centre extends restriction on export of sugar beyond October: Govt order

The government on Wednesday again extended restrictions on sugar exports beyond October 31 next year, a move aimed at increasing the availability of the commodity in the domestic market during the festive season. Earlier, the restrictions were imposed until October 31 of this year. "Restriction on export of sugar (raw sugar, white sugar, refined sugar, and organic sugar) is extended beyond October 31, 2023. Other conditions will remain unchanged, the directorate general of foreign trade (DGFT) said in a notification. However, it said these restrictions will not be applicable to sugar being exported to the EU and the US under CXL and TRQ duty concession quotas. A specified amount of sugar is exported to these regions under CXL and TRQ (tariff rate quota...
Tesco Names New Chairman
World

Tesco Names New Chairman

Tesco said Gerry Murphy has been appointed chairman and will join the board on September 1, replacing Byron Grote who will take up his previous role as senior independent director.