Streamline process of fixing cane prices as per RSF: Maha CS

Image
Press Trust of India Mumbai
Last Updated : Jan 18 2019 | 3:41 PM IST

The Maharashtra government Friday asked for streamlining the process of fixing sugarcane prices as per the Revenue Sharing Formula (RSF) for sugar factories which have completed cane crushing.

The directives were given by Chief Secretary D K Jain during a meeting of the Cane Price Regulatory Board with representatives of farmers and sugar cooperatives here, an official release stated Friday.

The meeting approved cane prices for 2017-18 fixed as per the RSF, it added.

Out of 181 sugar units, prices of 157 were fixed as per RSF, and out of these, 17 factories have given higher RSF money than FRP (Fair and Remunerative Price) to farmers.

The board meeting also gave approval to rates of 140 sugar factories whose RSF rate was less than the FRP, it said.

Jain asked for streamlining the process of fixing the prices as per RSF, the release informed.

Farmers' representatives said some factories show more expenditure for cane crushing and transportation.

In reply, Jain asked the Sugar Commissionerate to check the rates.

Farmer representatives also demanded that the minimum sale price of sugar be increased to Rs 34 per kilogram.

This year 185 sugar factories took up crushing of 426.84 lakh metric tonne sugarcane.

The total FRP amount for crushing of sugarcane is Rs 10,487 crore.

Out of this, Rs 5,166 crore has been given while arrears of Rs 5,320 crore are pending on the part of 174 sugar factories.

Eleven sugar factories have given farmers 100 per cent prices as per FRP.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Jan 18 2019 | 3:41 PM IST

Next Story