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UP govt raises cane price by 3.3% in FY18

Govt has kept the cane floor price at Rs 255 per 100 kg

Reuters  |  New Delhi 

Uttar Pradesh, India's biggest sugar producing state, has raised the price mills must pay for the new crop by 3.3 per cent, a state government source said on Friday. Uttar Pradesh raised the cane price to Rs 315 ($4.85) per 100 kg for the crop year that began this month, up from Rs 305 in the previous year, the state official, who declined to be named because he is not authorised to speak with media, told Reuters by telephone. The government has kept the 2017/18 cane floor price at Rs 255 per 100 kg. Most mills believe that the increase in the price that companies must ...

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First Published: Fri, October 27 2017. 15:57 IST