You are here: Home » News-IANS » Business-Economy
Business Standard

Sugar production to cross 30 mn tonnes, arrears hits Rs 18,000 cr

Topics
Environment

IANS  |  New Delhi 

Sugarcane production in the country this year has reached 29.09 million tonnes so far and it will cross 30 million mark in next few days, a government official said on Tuesday.

At the same time, sugarcane payment arrears has surged to Rs 18,004 crore as on April 14.

According to the official, total sugar production is expected to be 30.5 million tonnes as some mills particularly in Tamil Nadu would still be crushing sugarcane this month.

On other hand, industry body, Indian Sugar Mills Association (ISMA), which represents private mills, has said the total production as on April 15 was 29.98 million tonnes. Last year, the production had fallen to 20.3 million tonnes.

In a release, ISMA also said the millers' inability to pay cane price because of highly depressed sugar prices had translated into huge cane price arrears of farmers.

"As on 15th March 2018, the cane price arrears reported to the government was already over Rs 18,000 crore across the country. Since the sugar prices have only fallen from therein, the cane price arrears would have crossed Rs 20,000 crore, which would be the highest ever at this time in any of the past seasons," it said.

According to the government official, payment arrears of Rs 8,869 crore is owned by sugar mills in Uttar Pradesh while it is Rs 2,420 crore in Karnataka and Rs 2,213 crore inr Maharashtra.

He also said the past payment arrears for 2015-16 and 2016-17 were Rs 697 crore and Rs 545 crore, respectively.

ISMA said the pace of sugar production across the country had reduced as several sugar factories were closing crushing operations

"Out of 187 sugar mills which started crushing in Maharashtra, only 50 are crushing sugarcane now. Maharashtra's production has almost reached its past record and the sugar mills therein have produced 10.498 million tonnes tons up to April 15," it said as per the release.

"Uttar Pradesh sugar mills have already produced their record highest ever and 105 sugar mills are still crushing sugarcane. Up to April 15, Uttar Pradesh mills have produced 10.48 million tonnes."

--IANS

spk/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 17 2018. 19:40 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU