Sugar crisis: CM Yogi refers to global price crash, export squeeze

Slams previous UP governments for selling government operated sugar mills

Amid growing sugarcane arrears and piling sugar inventories, Uttar Pradesh chief minister Yogi Adityanath on Monday conceded to the low international sugar prices and export market squeeze for the purported crisis in the domestic sugar sector.

Speaking in the UP legislative assembly, Adityanath said prospective sugar exports were impeded owing to low global prices of the commodity. However, he maintained that together with the Centre, the state government had taken various measures to support the sector.

“We floated the soft loan scheme through the last supplementary budget (2018-19) and the process of ensuring timely payment to state sugarcane farmers is