The sugarcane growers in the district were demanding a price of Rs 3,000 per tonne. The ACSIL is the oldest sugar industry in cooperative sector in the state.
Considering all aspects, including the financial condition of the factory and cost factor in sugar cane cultivation, the ACSIL authorities decided to increase the rates, said Saroj Mishra, ADM-Cum-Managing Director, ACSIL.
The sugar factory is providing a rate which is more than the minimum support price (MSP) of the sugarcane fixed by the government. The government has fixed the MSP of the sugarcane at Rs 2,300 per tonne. The price of the sugar cane was decided at a board meeting of the factory, he said today.
Sugarcane growers had staged a dharna in front of the factory on Saturday demanding increase in the procurement price. They lifted the dharna after president of the factory Bipin Bihari Patra convinced them that the factory is not in a position to increase rates.
The area under sugarcane cultivation in the district has reduced drastically in last few years as the farmers have switched over to other crops. They realised that sugarcane was no more a profit-making crop, GDSGA Vice-President Narayan Jena said.
Meanwhile, processing of sugarcane is scheduled to start this week. The factory authorities have targeted to crush around 90,000 tonnes of sugarcane this year as against 1.09 lakh tonnes last year, Bhagaban Panda, Cane Manager of the factory, said.
"We reduced the target this time because the area under cultivation has come down," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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
