PRESS NEWS

Sugar Industry

A Weekly Publication
by ISMA

VOL. No.: XXXVI 25th April  to 1st May, 2008   NO. 18

PLEASE REFER TO OUR WEEKLY PUBLICATION FOR DETAILS

PRESS NEWS:  

• Al Khaleej Sugar India plan stumped by policy hurdles.

• Battery of benefits for green vehicles in Capital.       

• Does futures trading really cause inflation?         

• Rupee tumbles to five-week low.

• Sugar to be freed in one go – PM Panel overrules farm ministry’s phased approach.

• CAG pulls up govt for not taking action against sugar units.  

• Inflation climbs to 7.33%, but price line holds steady.

• No changes to Essential Act. 

• 113 sugar mills remain closed in the country.

• Foreign Investment Promotion Board turns down Al Khaleej’s plan for sugar refinery.

• Inflation to hover at 5-6% in Financial Year 2009 according to ICRA.

• India needn’t rush for an unfair Doha deal.   

• Dues to sugarcane growers top Rs 3,900 crore.

• No data to link futures trade impact with grain prices : Panel.

• Tackling global energy crisis.                         

• Exempt jute from futures trade, urges industry.

• 8-8.5% GDP not impossible.                             

INDIAN MARKET REVIEW

• Sugar prices declined while gur prices remained static.

FINANCIAL REPORTS

• EID Parry (India) recommends 25% dividend.

• EID Parry Q4 net at Rs 38 crore.  

• Triveni net soars at Rs 34 cr.                   

• Sugar stocks turn sweet.     

SPECIAL ARTICLES

• Ethanol is not awful.  

• Carbon-free energy generation from coal: myth or reality?

• China’s carbon emission soaring.          

• China claims it is spending more to check carbon emission.

EDITORIAL COMMENTS

• Decontrol sugar – Controls hurt farmers & Industry.         

• Unmeasured inflation.          

FOREIGN NEWS

• India at heart of clean energy firm’s plans.

• Approval of carbon credit projects slows.

• Oil prices steady, above $ 118 a barrel.

• Sugar from onions can boost flu shots.

• BP plans to invests $ 560 million in biofuels.          

• US farm bill cuts ethanol tax credit.       

INTERNATIONAL SUGAR SITUATION

International sugar prices improved during the last week, while the raws suffered heavy losses – LDP for white sugar for May 2008 closed for the week at $ 380.10 per MT up by US $ 15.60 per metric ton from the previous week