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:   
|
|
|
|
|
|

UP sugar output rises 13%, exceeds 4.5 mn tonnes

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

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.

image

Read More

CTT blow for MCX, others

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

Recommended for you

Advertisements

Quick Links

Market News

Sensex ends above 27,900 amid volatile session

Provisionally, the Sensex gained 134.71 points to end at 27,944.06 and the Nifty rose 27.80 points to close at 8,448.80

Sangam (India) zooms over 50% in four days on stake hike by promoter

The stock is currently trading at its record high of Rs 125 and has rallied 54% from Rs 81 on May 19.

Sagar Cements surges after turnaround in Q4

The stock surged 16% to Rs 408 after reported net profit of Rs 21.70 crore in March quarter against loss of Rs 11.36 crore in the year ago ...

SBI pares early gains post Q4 results

The stock surged 5% to Rs 305 after reported 23% year on year jump in standalone net profit at Rs 3,742 crore in March quarter.

Markets hold gains amid firm global cues

Sensex has soared 214 points to trade at 28,023 levels while the Nifty has surged 55 points to quote at 8,476 mark

 

Back to Top