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Sugar production to cross 30 mn tonnes, arrears hits Rs 18,000 cr

IANS  |  New Delhi 

production in the country this year has reached 29.09 million tonnes so far and it will cross 30 million mark in next few days, a government said on Tuesday.

At the same time, payment arrears has surged to Rs 18,004 crore as on April 14.

According to the official, total production is expected to be 30.5 million tonnes as some mills particularly in would still be crushing this month.

On other hand, industry body, Indian Mills Association (ISMA), which represents private mills, has said the total production as on April 15 was 29.98 million tonnes. Last year, the production had fallen to 20.3 million tonnes.

In a release, ISMA also said the millers' inability to pay cane price because of highly depressed prices had translated into huge cane price arrears of farmers.

"As on 15th March 2018, the cane price arrears reported to the government was already over Rs 18,000 crore across the country. Since the prices have only fallen from therein, the cane price arrears would have crossed Rs 20,000 crore, which would be the highest ever at this time in any of the past seasons," it said.

According to the government official, payment arrears of Rs 8,869 crore is owned by mills in while it is Rs 2,420 crore in and Rs 2,213 crore inr

He also said the past payment arrears for 2015-16 and 2016-17 were Rs 697 crore and Rs 545 crore, respectively.

ISMA said the pace of production across the country had reduced as several factories were closing crushing operations

"Out of 187 mills which started crushing in Maharashtra, only 50 are crushing now. Maharashtra's production has almost reached its past record and the mills therein have produced 10.498 million tonnes tons up to April 15," it said as per the release.

"mills have already produced their record highest ever and 105 mills are still crushing Up to April 15, mills have produced 10.48 million tonnes."

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 19:40 IST
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