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At that time sugar price in world market was 550 per tonne When rates fell to 350 per tonne, the government allowed sugar export with subsidy of Rs20 per kg, with Rs1070 per kg federal share ...
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PUNE Increase in monthly sugar release quota of the country by over 14 to 20 lakh tonnes for the month of September has led to decline in sugar prices by about 2 Exporters expect that the millers, who have been sitting on huge sugar stocks, may begin to export the sweetener as price margin between domestic and export prices reduces slightly..
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Cost of production of sugar is 32-34 rs per kg 28-23 rs of sugarcane purchase cost and 3-4 rs of conversion cost , so sugar mills need to sell sugar at 34-35 rs per kg ex-mill prices to make profits Currently the ex-mill sugar price is 26-27 rs leading to huge losses for sugar compani..
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