 "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")
Within a week of Chief Minister Yogi Adityanath setting November 30 as the deadline for private sugar mills in Uttar Pradesh to settle outstanding dues with farmers, 25 government-run mills have settled more than Rs 9 billion of arrears.
On September 25, the CM had asked mills to pay farmers’ arrears by November-end. At that time, the total outstanding for all the 119 mills stood at about Rs 95 billion, of which 94 private mills accounted for over Rs 86 billion pertaining to the 2017-18 crushing season.
Now, 24 UP cooperative sector mills and a UP State Sugar Corporation Limited
