Sugarcane growers in Uttar Pradesh will not supply cane to mills below last year’s price of Rs 280 per quintal, which is Rs 100 more than what the industry is willing to pay, a farmers’ body said today.
UP is the country’s second largest cane producer.
“We got an average price of Rs 280 per quintal in 2009-10 sugar year (October-September). We will not supply cane to sugar mills below that price,” said Awadesh Mishra, the President of Chairman’s Association of Cane Societies in UP.
When asked that they are demanding high price considering low prices of sugar, he said: “Why growers should participate in losses, when mills do not share their profit with us”.
Retail sugar prices have declined by 40 per cent since mid-January to Rs 30 per kg in Delhi. The ex-mills prices are ruling below Rs 25 per kg.
In 2009-10 crushing season, sugar mills paid high prices to farmers as sugarcane production was low.
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