The Covid-19-triggered lockdown has resulted in a drastic fall in sugar consumption across the country, as most sweetmakers were on a sabbatical. The lockdown has also accumulated farmer arrears. Against such stark realities, the central government is believed to have advised the Reserve Bank of India (RBI) to remove the beleaguered sugar sector from its […]
Maharashtra has set a record of making payments to farmers this season. Mills in the state have paid around 84.14 per cent of the Fair and Remunerative Price (FRP) dues to farmers totalling Rs 4,886.70 crore for the 2019-20 season. Around 15.87 per cent of the cane arrears, amounting to Rs 921.61 crore, still remain […]
Former Union agriculture minister and Nationalist Congress Party leader Sharad Pawar said that the time has come to arrive at an acceptable solution for growers and millers to work in a coordinated manner for the development of the sugar sector. Pawar was delivering the inaugural address at the 2nd International Conference on Sustainability – Innovation & Diversification […]
Sugarcane dues to be paid by sugar mills to farmers has come down to Rs 15,222 crore so far in marketing year 2018-19, that will end in September, the Parliament was informed. Depressed sugar prices due to surplus sugar production in sugar seasons 2017-18 and 2018-19 adversely affected the liquidity of sugar mills resulting in […]
Sugarcane arrears to farmers touched nearly Rs 19,000 crore as on June 18 of the ongoing marketing year ending September with maximum amount owed by sugar mills in Uttar Pradesh, according to the government data. Mills in Uttar Pradesh owe the maximum amount at Rs 11,082 crore, followed by Karnataka (Rs 1,704 crore) and Maharashtra […]
The domestic sugar sector has been going through a situation of excess supply which has negatively impacted their prospects. To support the industry, the Government of India (GoI) has announced key measures, such as creation of 3 million tonnes of buffer stock and fixing of minimum selling price (MSP) for sugar at Rs. 29,000/tonne. These […]
