Sugar mills in Maharashtra have managed to clear around 82.09 per cent of the fair and remunerative price (FRP) dues amounting to Rs 11,630.25 crore for the current season till February 15 and have paid excess FRP for the same period. Sugar mills in the state, however, still owe dues of Rs 2,535.96 crore for […]
Union Food Minister Piyush Goyal has said the government cannot reduce the minimum price at which sugar mills have to purchase sugarcane from farmers and urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies. Sugarcane is bought by sugar mills at a Fair and Remunerative Price (FRP), which is also the minimum selling price fixed […]
A month after the commencement of the crushing season of 2020-21, sugar mills in Maharashtra owe farmers Rs 351.54 crore in fair and remunerative price (FRP) arrears, according to the crushing data report shared by the Maharashtra Sugar Commissionerate. The total FRP payments due to farmers amount to Rs 366.24 crore at the beginning of […]
Sugar mills in Uttar Pradesh are increasingly preferring Fair and Remunerative Price (FRP) for payment, rather than State Advised Price (SAP). SAPs have traditionally been much higher than FRPs, which have increased losses for the sugar mills. FRPs and SAPs are the rates at which mills pay the sugarcane farmers for the raw materials. For […]
The Centre on Wednesday decided to increase the minimum price sugar mills pay to sugarcane growers by Rs 10 to Rs 285 per quintal for the next marketing year starting October 2020. A decision to increase the Fair and Remunerative Price (FRP) of sugarcane for 2020-21 marketing year (October-September) was taken in the meeting of […]
A group of ministers (GoM), headed by Home Minister Amit Shah has recommended increasing the minimum selling price (MSP) of sugar by Rs 2 to 33 per kg to ensure the pending cane arrears of around Rs 20,000 crore is cleared by the sugar mills at the earliest. Finance Minister Nirmala Sitharaman, Food Minister Ram Vilas […]
Sugar mills in Maharashtra have paid 98% of the fair and remunerative price (FRP) dues to farmers for the crushing season of 2019-20. Mills made FRP payments of Rs 13,425.85 crore to farmers while dues of Rs 209.15 crore are pending this season. Data released by the Sugar Commissionerate reveals that 144 sugar mills crushed […]
Despite demand destruction during the nationwide lockdown, sugar consumption in India is back to the pre-Covid level on a sharp increase in orders from cold drink and ice cream makers, who seek to fill their pipeline inventory and also meet their daily consumption, Business Standard reports. The restoration in demand has emerged from cold drink […]
The Maharashtra Sugar Commissionerate has issued notices to 15 sugar factories in the state for their failure to pay the fair and remunerative Price (FRP) payments due to farmers, senior officials of the Commissionerate revealed. The FRP arrears as on date are to the tune of Rs 780 crore. According to the Sugarcane Control Act, […]
A NITI Aayog task force (TF) has recommended a one-time increase in minimum selling price (MSP) for sugar to Rs 33/kg (from Rs 31) to unburden mills, capping of farmer’s land use for sugarcane at 85 per cent of total holding, a cess of Rs 50 per quintal (excluding exports) and cash incentive of Rs […]
