Business Standard

Farmers end stir as Maharashtra vows to go tough on defaults in cane dues

Defaulting mills to face stock seizure, attachment of owners' properties; Total cane arrears in state at Rs 5,600 cr, despite policy of paying FRP upfront

From the 2018-19 sugarcane season starting October, the Centre not only increased the base recovery rate from 9.5 to 10 per cent, but also raised the premium extra yield in sugar from Rs 2.68 per quintal to Rs 2.75 a quintal
Premium

From the 2018-19 sugarcane season starting October, the Centre not only increased the base recovery rate from 9.5 to 10 per cent, but also raised the premium extra yield in sugar from Rs 2.68 per quintal to Rs 2.75 a quintal

Dilip Kumar Jha Mumbai
Around 8,000 sugarcane farmers ended their day-long protest in Pune late Monday night following an assurance from the Cane Commissioner that immediate action would be taken against mills that defaulted on arrears. 

Industry sources said these farmers, under the banner of Swabhimani Shetkari Sanghatana led by Member of Parliament Raju Shetti, gathered before the Cane Commissioner’s office Monday morning, seeking immediate intervention under the law. The protest ended with sporadic violence after the commissioner assured them that action against the defaulting mills would start on Tuesday.

“Out of 170-odd operational mills spread across the state, 39 haven't even paid a penny since

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 29 2019 | 3:51 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com