Ad Here  
November
December
January
February
March
April
 
 
The brown list of Venkitaramanan Preserving for the future Land reclamation from sea appears cheaper! Cement prices continue to rise… A yen for wastage… Intellectual of rare qualities Dr C Rangarajan returns to Chennai TELANGANA at last…BUT Whistle-Stop Tour of Raghuram Rajan PC’s preference for professionals Haul over the coal Valli, they are more marginalised Poor representation for Kerala and TN in Cabinet Polls and promises CSR and CMI: promise of another Srinivasan Ramanujan... When online building permits work…. Shanti and Sadhana through Music Medical costs hit the roof... Welcome focus on core competence Russi Mody – a tribute Tihar, Puzhal not different from Parappana Agrahara Limit foreign borrowings to hi-tech, export potential projects... Revive development banks... Why this malaise in medical education? How Air-India loses customs... Editor's Notes Waning interest in public discussions… When the President was rendered homeless… Vibrant Gujarat EEC at the National Media Centre Cutting the nose to spite the face Marketing expert Balagopal is no more London, London Narayan S V Raju – a ‘good’ true liberal An informal presentation - analytical, forward locking... Solar, solar everywhere … Muffled voices for merit… Robber barons everywhere No mega rail project for Tamil Nadu Rahman at CIC Rs.1600 crore paper board plant of TNPL Tribute Recognition to role of NBFCs.... The sea- saw battle continues... A Grand Finale for SN’s MS centenary at the US… China invests in India Scientists urged to take up farmer-oriented research Contrarian cousins When Ratan Tata visited SRM A Grand Finale for SN’s MS centenary at the US… Quality silica from Neyveli Alexa – Talking Wikipedia Demise of a media baron... The Jan Dhan bonanza L&T- the specialty of special purpose vehicles Sweeter prospects for sugar Fall in crude prices help in oil sector reform to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Increasing non co-operation of state leaders CII projects higher growth… Tribute – UCAL Selvan… Delhi is distant A more liberated TN… Pharma – overdose of copying Paytm karo... TGS- The king storyteller Online not in line with brick and mortar businesses... Build close rapport with business leaders Silver Years of Madras Musings Welcome changes that testify to Jayalalithaa’s return to health Kulandai was a giant Shipping woes of Chennai companies A proud Madrasi The ‘Jayanthi Tax.’ A professional at the helm of IRDA... Modi and the lady The balancing act Secularism and anti-Hinduism Streamlining mandatory third party cover Nuclear power at the nucleus B H Kothari - a tribute Come elections, come advertisements... Excel Generators provide the vital back-up Air Asia India will set new benchmarks for budget travel Gas is the way forward The Swadeshi Trump Colour-Chem’s colourful KRVS When TN politicians can emulate Kerala's Wise Presidents Bihar elections - the Rajaji formula worked Computation of GDP – conundrums continue Multi-faceted Venkat Lesson from Chandrababu Naidu GM Technology at last! An inexplicable neglect Why land prices zoom in TN? S Ramanathan – a versatile musician, musicologist Engineering seats go abegging PPP mode for upgrading Corporation Hospitals Making ‘my Amaravati’... The rise and rise of KCP Towards speedy justice Maximising the micro pricing … Odisha: spectacular win by Naveen Patnaik Small units prefers to remain small... Padma Bhushan for A Ramakrishna Should we change the official year? Put expensive assets created to use... The why of tax incentives The power-full Hindujas TN accounts for the largest recruits by the IT sector Fortune 500 review Infrastructure funding – lessons learnt Delhi is distant… The Ports’ Pasha expands into Tamil Nadu IPL type auction for VCs? For whom the bell tolls? Measuring roof tops in terms of KW/MW Bihar – Nitish Kumar adopts the Lalu model Readers' Mail Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Kudos to NDTV... Breaththrough in malaria control IAS invades NDDB... A welcome initiative by the judiciary No engine for this car Adharma of opposition politics Mersal magnified Music happens Welcome thrust on trade in Modi’s foreign visits... TN – agglomerate land holdings without alienating ownership Banning booze... Liberal imports idling indigenous capacities Revving up the manufacturing sector Tough task taking states together F C Kohli - his concerns all embracing R Sridhar steps down as CEO of Shriram Capital Where a state respects its litterateurs… The few handicaps... Sweet news for TN sugar mills Tatas moving out of urea production... A think tank for Chennai Telangana in top gear… Roaring Ro-Ro facility Auto components surge… Return to king coal for urea... Road development slows down Airlines in India: cost and space Not just in-laws (and outlaws); they’ve renowned academics at the helm! Wanted: a second airport for Chennai Strengthen the base... Funding the un-funded CIPET hqrs to stay at Guindy – for the present? EVM is tamper-proof Naidu’s return augurs well for Seemandhra No Maha Koottani in TN... Insurance companies bleeding, yet no decision on increasing FDI limit! Eternal support for capitalisation of PS banks MHC should not return to its old indisciplined ways Which side are you, Montek? More Shakthi to Das’ elbow Lalu’s envy, India’s pride Protest masters... Where is Rajaji? All eyes on Sankara Nethralaya New IT products of Ramco in the pipeline… Godspeed, Chief Minister JJ Remembering Indira Sivasailam... Permanent secretariat for TN GIM Like Hinduism: many paths to reach God... More heat than light Welcome GST A rich pool of talent not utilised…. The star of Spencers is no more A C Muthiah – his munificent bequeaths to science He continues the focus on social amelioration IPL - no surprise this scam West Bengal: mindless malignancy For whom the MIDS bell tolls? Align crops to agro climate endowments… Delhi returns to BJP The Gulf aviation boom Mu Sigma – is no more Of course, Gujarat is vibrant SoA @ 80 Focus on quality of power - its only around 170-180V CRS, a jewel among managers, is no more. Kinetic Karnataka Building loyalty through the stomach Plummeting profits of PSBs Tribute – Manikam Ramaswami The ‘Ayyo-yes’ is no more WTO Meet: resolved to meet again He saved millions from starvation... Tatas moving out of urea production... Reliance’s TV – 18 ready to launch Tamil News Channel Cleaning Ganga – relocate tanneries and install electric crematoria Another Indian music maestro at the UN TIAM turns a full cycle Adapt Vajpayee dinner diplomacy More Shakti to resource mobilisation... Editor's Says Fortune for Indian Airlines Five star activism stalls development activity Tax agriculture A glass full of corruption Modi storms Silicon Valley …and of a popular trade leader TN-leverage strength of BHEL, NLC... When small is no larger beautiful.. Quality education through the PPP mode Tribute – M V Murugappan Shaming of Tamils by Tamil farmers at Delhi Discoms deserve better… Fuel for thought Don’t seem to feel the pulse… Naidu will soon build a new Hyderabad Make standards certification mandatory... L&T: focus on infrastructure and more infrastructure… A friendly business group Poor quality of university VCs This scant respect for Law Sri Lanka votes for change Gay abandon in pricing Solar thermal shines… GNS - 100: our first subscriber Inflation: are we emulating Argentina and Brazil? ONGC at KG Basin Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai There was flood of milk. Reason: no milk commissioner! Moily’s bold thrust Shale gas and its shallow future Convulsions in The Hindu Parliament in paralysis... Diamond jubilee of Egmore Samskrt School Delhi Chalo... Noble nonagenarians... The nuclear option When nations steal growth from one another… More tributes to GR Boy, can you beat these? An enemy’s enemy is a friend Things happen by accident and not by design... The rise and fall of Annamalai University
 
Sweet news for TN sugar mills

After the dismal performance of last year, sugar mills hope to have profitable operations in the current year. Such outcome is the result of much better price of sugar, presently ruling around Rs 45 a kg against less than Rs 30 last year. 

Five years ago Tamil Nadu produced 25.5 lakh tonnes of sugar. It declined steeply in the subsequent years. Production in the current season is expected to be around 11 lakh tonnes. But with severe drought affecting all districts of the state, production is projected to fall to just 9 lakh tonnes in the next season, said N Ramanathan, Managing Director, Ponni Sugars. 

Widespread drought will also affect production in Maharashtra that has been the largest producer of sugar. However, there is the hope of relief coming from UP. Ramanathan pointed to a new variety of cane developed by the Sugarcane Research Institute, Coimbatore, helping UP cane growers to increase sugarcane yields substantially – from an average of 22 tonnes per acre to 32 tonnes per acre; there is the additional prospect of higher recovery from 9.5 per cent to 10.7 per cent. These quantum jumps are expected to sustain over the next decade and more and augur well for maintaining high production of sugarcane and sugar in the years ahead. In the current season, UP is expected to produce 85 lakh tonnes and Maharashtra just around half at 42 lakh tonnes. ISMA estimates total production for the year at 213 lakh tonnes.

Sugar industry continues to suffer from political interference and hefty lobbying by TN farmers. States continue to recommend prices for  cane much higher than the price prescribed by the Commission for Agriculture Costs and Prices (CACP). Mill owners point to the uneconomic nature of such pricing that has resulted in mounting arrears on cane purchased. Sugar mills continue to pay on CACP prices resisting the increased price advised by the states. This resistance has resulted in mounting arrears estimated around Rs 21,000 crore at the all India level; UP alone is expected to account for Rs 14,000 crore of this. Due to the low prices of sugar last year, Tamil Nadu sugar mills suffered a loss amounting to Rs 1000 crore as also dues to cane farmers of Rs 1200 crore, said Ramanathan.

One notices wild claims of cane farmers and political leaders eager to ensure support from this vote bank. The latter have been suggesting a minimum cane price of Rs 5000 per tonne. Farmer leader Ayyakannu heading the bizarre agitation in Delhi for a month, graciously suggested: “if we are paid Rs 8000 per tonne of sugarcane we won’t look for subsidies, reliefs and other support by the government.”

At this price, as per Dr. Rangarajan committee formula, the retail price of sugar in Tamil Nadu will be around Rs 125 per kg, more than thrice the present level! Cane farmers number a mere half of one per cent of the state’s population of around 725 lakh. Still, political leaders, a good number of them land owners, lend their blind support to the farm lobby. In the licence-permit-quota raj, chief ministers used their prerogative and power to issue a licence for sugar mill to the chosen few. Remember MGR handing these to G Varadaraj and P G Periasamy, purely in appreciation of his friendship with these?



Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com