INDUSTRY PROFILE Sugarcane belongs to the genus SACCHARAM. The word Sugar is as derived from the Sanskrit word SHARAKARA fro which the word SACCHARAM seems to have been derived indicates the antiquity of knowledge of sugarcane in India. Sugar Industry is the second largest agro based industry in India next to textiles, producing an all time record of 400 lakes tones of direct plantation sugar as on 30th April 2005. It has emerged as the largest vacuum pan sugar producer in the world. Sugarcane is grown in about 102 countries in the world and India occupies the first rank from the point of area-followed by Brazil and Cuba. Andhra Pradesh occupies the fifth place with regard to cane area and cane production in …show more content…
1955. There are certain problems faced by the sugar producing countries in the world including India. While there will be some differences in different regions, common platform. Whether it is a matter of marketing, exports, Government subsidies or transport problems all have a commonality of features in themselves
In India Sugar Industry, in spite of producing of huge quantity during the last two years i.e., 2003-2004 and 2004-2005, is passing through a crisis. The factories are facing crisis due to insufficient availability of working capital. Further, there is no reasonable price for sugar in the market. The prices are prevailing between Rs. 16007- and 1750/- per quintal. Due to this the factories are starving for funds to maintain the general routine works. The sugar industry is trying too hard to impress upon the Government to name
INCENTIVES FOR EXPORT The International prices are very low at present. The sugar industry is in a position to export at least two million tones without hampering internal marker stock. The Government of India replaced Sugar Export Promotion Act. 1958 by issuing an ordinance in January, 1957. This Act was enabling the sugar industry to bear the losses on its equitable basis. However, in the absence of this, the losses are
Making sugar as it was discovered in the 17th century was a hard process. That is why it was believed to be an investment during this time. The sugar had to be boiled 3-4 times before the process was over, and the water was removed. What drove the sugar trade was the demand as it became such a huge stimulant. Everyone wanted it, and that's why people spent all their time growing it across the sea.
The demand in Britain was key to the sugar trade as the high demand for sugar caused people to spend money on the sugar businesses, allowing the businesses to grow and expand. For example, document five shows how desperately the British
To begin with, England found an important cash crop in the Caribbean. Sugar cane was introduced to the tropical environment of the Caribbean after Christopher Columbus landed in the New World. Sugar is native to southeastern Asia. Later, the Portuguese brought sugar to Brazil. Today Brazil is the lead producer of sugar.
In conclusion, The sugar trade was most successful due to the high consumer demand and the slave trade. This is shown by the evidence of sugar’s addictive properties and its easy use as a sweetener with certain goods. However sugar does have its health and slavery issues, not allowing Africans and other slaves to live they life they
Today we take sugar for granted. But do we really know how it became the enormous product that it is now, do we really know what drove it to become this monster of trade? When Christopher Columbus came to the new world, he brought cane sugar. He quickly discovered how wonderful the land and climate were for growing sugar. In England, many rich merchants realized how successful it could become with the number of slaves available. Before the trade took root in central America, sugar had been considered a delicacy. Now, as it became more affordable, the consumer demand increased. All three of these factors drove the sugar trade to become the most successful and rapidly growing trade in history. The sugar trade was driven by consumer demand, cheap labor and fertile land.
Sugar is one of the most important items that was discovered in the new world back in the 1300’s. The reason for this is that in the 1300’s hardly anyone knew what sugar was until Christopher Columbus went to the Bahamas and came back to Spain with sugar in the 1400’s. So what drove the sugar trade?, well there are many factors that drove it some of them were Land meaning the natural resources used to make sugar, Labor, meaning human resources that are needed to make sugar, and Investment Capital which is money used to buy tools and land. Sugar could have become such a desired good due to the fact that people in Europe found out that there is such a thing with the qualities of sugar or maybe it could be because of the low cost of slaves
The Sugar Act of 1764 was intended to eliminate the illegal sugar trade that took place between the British colonies and the French and Spanish colonies. Nevertheless, it also had the effect of lowering duties on molasses, which reduced the economic value of sugar grown within the colonies. The act also included
They did this to avoid paying the taxes by the Parliament. The Sugar Act did increase the number of items that would be taxed but it reduce tax on molasses and sugar. The tax went from six pennies (pence) per gallon to three pennies (pence) per gallon. Since the Sugar Act lowered the tax on molasses, it convinced importers to purchase molasses from the British colonies instead of smuggling it. The importers smuggled it from the French and Spanish colonies.
Sugar was relatively unknown to Europe until the fourteenth century. After its introduction to the people of Europe, it gradually spread across the continent until it eventually reached the Atlantic nations. After the “discovery” of the New World, Europe was eager to expand its territories. Sugar was soon brought to the Americas with the explorers, and the global sugar trade was born. The sugar trade was driven by the high demand for sugar in Europe, its appeal to European investors, and competition between European nations.
Sugar has been a staple in the diets of Europeans for centuries. From desserts to tea, sugar has been added to everything. While it is unhealthy in large doses, the demand for the saccharide does not falter. Before sugar could be mass produced by machines, much of the labor was done by slaves. While this benefitted white Europeans, they were the only ones to have profited from this new sugar craze. The African population suffered immensely from the sugar industry as the working conditions of sugar plantations were brutal and they had no civil rights as slaves.
In turn, the Sugar Act would help Britain to have a monopoly on the sugar trade by imposing taxes and strict enforcement on sugar and molasses imported from other non-British Colonies; specifically, in connection to the Greenland and Eastland trades (http://avalon.law.yale.edu/18th_century/sugar_act_1764.asp). By doing so, the Colonies would be more inclined to do business with Britain, in turn, would benefit from the increase in sugar and molasses prices (Britannica). In sum, the Sugar Act provided Britain with increased influence on the sugar trade and an increase for its price of
By then, sugar and consumer items like it had become too important to permit an archaic protectionism to jeopardize future metropolitan supplies. Sugar surrendered its place as luxury and rarity and became the first mass-produced exotic necessity of a proletarian working class.
Net tax revenue: value-added tax's effects from NATL would likely very small because the VAT was due and collected up to retail level. From Exhibit 8, NATL will pay more than US$ 6 million profit income tax per year from 2006, the government would lose about US$ 11 million in tariff revenue: the net loss is US$ 5 million per year. This is due to 30% tariff rate but in the long term when Viet Nam integrate WTO, sugar tariff rate will have to be reduced ( 15%, 10%) and profit income tax from NATL will increase from year to year so the net loss in tax revenue of the project will reduces to very small.
	Sweetness and Power is a historical study of sugar and its affect on society and economy since it was first discovered. Sugar has had a large impact on society and the economy that is not noticeable unless thoroughly studied. The following is an analysis of the work done by Sidney W. Mintz in his attempt to enlighten the "educated layperson".
The sugar beets and sugar cane are very good examples of these feed stocks that contain the sugar. Corn contains starch that can easily be converted into the sugar that is needed. Even most of the trees and grasses have cellulose that can be easily turned into sugar and then used in the making of ethanol (Mukherjee 1 para 2).The ethanol process always starts by grinding up the feedstock which makes it more quickly and easily processed.