Mission 2019: Yogi likely to sweeten UP cane price amid sugar crisis

Even as banks have already put the sugar sector in negative list owing to uncertainty bred by sugarcane-sugar pricing and demand-supply matrices mismatch, the Yogi Adityanath government in Uttar Pradesh is likely to effect a token hike of about Rs 10/quintal in the cane price for the current crushing season. 

Last year, the state had increased the State Advised Price (SAP) by Rs 10/quintal from Rs 305/quintal to Rs 315/quintal for the common variety of sugarcane. However, it resulted in accumulation of massive outstanding at the end of the 2017-18 crushing season due to sugar market glut and price dip.