SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

UP sugar output rises 13%, exceeds 4.5 mn tonnes

Related News

The sugar production in has exceeded 4.5 million tonnes (MT), which is 13 per cent higher compared to similar period last year.

The state is targeting of 6.5 MT for this season against 5.9 MT during 2010-11.

Meanwhile, sugarcane farmers had so far been paid Rs 8,115 crore out of total dues of Rs 10,195 crore, which puts the payment percentage under 80 per cent.

get 14 days time for cane payments. Some weeks back, private mills had been making advance payments to farmers to get more cane. Currently, the cane dues payment percentage stands at under 80 per cent.

A sugarcane department official told Business Standard on Thursday that the government was contemplating issuing (RCs) against mills showing laxity in clearing dues.

So far, 125-odd mills had crushed 52 MT of sugarcane, which is about 16 per cent more than what had been crushed by this time last year.

According to (ISMA), pan-India sugar production stands at over 16 MT till February 15 compared to 14 MT in the corresponding period during 2010-11. ISMA maintained that domestic sugar production would be 26 MT in current season. On November 8, 2011, UP had hiked cane (SAP) by almost 20 per cent. The price of early variety of cane was increased Rs 40/quintal to Rs 250/quintal.

SAP of common variety, which accounts for over 60 per cent of total cane production, was increased by Rs 35/quintal to Rs 240/quintal. Early variety and rejected variety of cane account for about 20 per cent of production each. The price of rejected variety was fixed at Rs 235/quintal.

The government had said the hike would result in of over Rs 15,000 crore to farmers during 2011-12 crushing season against Rs 13,000 crore last year much to the consternation of millers.

Read more on:   
|
|
|
|
|
|

Read More

CTT blow for MCX, others

However, Budget seen as positive, overall, for agri sector

Recommended for you

Quick Links

Market News

Ortel IPO fails to liquidate PE's holding

The Rs 240-crore IPO of the cable and internet services provider, which ended on Thursday, failed to garner full subscription

Govt proposal to halt trading irks market participants

Market raps disinvestment department's proposal to Sebi for suspension of trading in a stock during divestment as ill-conceived, unfair and ...

Worrying signs as global crude oil inventory hits 80-year high

Slippery slope ahead if oil demand and prices don't pick up soon

Nifty holds 8,900 amid choppy trades; FMCG, Pharma shares lead

The 30-share Sensex gained 68 points to end at 29,449 and the 50-share Nifty rose 15 points to close at 8,938.

Sensex ends 78 points higher amid choppy trades, HDFC twins up 2%

Provisionally, the 30-share Sensex gained 78 points to end at 29,458 and the 50-share Nifty rose 13 points to close at 8,936.

 

Back to Top