Sugar Mills Current Affairs, GK & News
The international sugar prices have fell from 15 USD to 12 USD per pound. Also, the Indian Sugar Mills Association (ISMA) has reduced its off-take from mills in the last 15 days. The sugar stock in the wholesale market and retail markets have been sold completely according to ISMA. Highlights The fresh sugar procurement in ..
Category: International Current Affairs
Cabinet Committee on Economic Affairs (CCEA) has approved creation of a buffer stock of 40 lakh metric tonnes (LMT) of sugar. This buffer stock would be created for one year starting from 1 August 2019 to 31 July 2020. The decision of approving a buffer stock is to maintain demand-supply balance and to stabilise sugar ..
Month: Current Affairs - July, 2019
Category: Economy & Banking Current Affairs
The Central government has increased the minimum selling price (MSP) of sugar by Rs. 2 per kg to Rs. 31. Minimum Selling Price Minimum Selling Price is the rate below which the mills cannot sell sugar in the open market to wholesalers and bulk consumers like beverage and biscuit makers. Rationale behind the Increase The decision to increase the ..
Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2018-19 keeping in view the interest of sugarcane farmers. It was approved based on the recommendation of Commission for Agricultural Costs and Prices (CACP). CCEA has hiked Rs. 20 per quintal ..
Month: Current Affairs - July, 2018