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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
