Sugar control board floated in K'taka

The move is part of the Karnataka Sugarcane (Regulation of Purchase and Supply) Act, 2013

Image
Press Trust Of India Bangalore
Last Updated : Sep 14 2013 | 1:44 AM IST
The Karnataka government has constituted a sugarcane control board for regulating the purchase and advise on fixing price. Minister of Sugar is the Chairman of the 15-member board which would also have representatives from growers and private and cooperative sugar factories.

The move is part of the Karnataka Sugarcane (Regulation of Purchase and Supply) Act, 2013, which empowers the state government to make rules to decide sugarcane price on revenue-sharing basis between growers and factories.

"The board will fix the sugarcane price," Minister for Sugar Prakash B Hukkeri told reporters here today. Officials said the bill has also incorporated some of the recommendations made by the Rangarajan Committee appointed by the Union Government to advise on sugar decontrol. Hukkeri said the government had fixed Rs 2,400 per tonne as an advance price for sugarcane supplied to sugar factories this crushing season, and stressed it is not the final price.

Meanwhile, a cabinet sub-committee under the chairmanship of Law Minister T B Jayachandra - with Hukkeri and Food Minister Dinesh Gundurao being its members - met today, wherein it was decided that the Department of Sugar would purchase sugar at Rs 30.75 a kg from government-run and cooperative sugar factories.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 13 2013 | 8:34 PM IST

Next Story