The Uttar Pradesh Sugarcane Development Department on Thursday said it has set the gross value output (GVO) target of Rs 1,41,846 crore for the financial year 2025-26, with an aim to contribute towards Chief Minister Yogi Adityanath's goal of making the state a USD 1-trillion economy by 2030. The department's action plan for 2025-26 focuses on boosting sugarcane cultivation and allied industries while reducing reliance on government support, the state government said on Thursday. "The action plan reflects the department's commitment to increasing GVA contribution from Rs 1,09,461 crore in 2023-24 to Rs 1,03,038 crore from sugarcane and Rs 38,808 crore from jaggery production by 2025-26," it said in a statement. To achieve this, the department has outlined key strategies, including increasing the average sugar recovery rate from 9.56 per cent to 10.50 per cent, ensuring timely sale of 91.54 lakh quintals of sugar in 2025-26 to prevent financial losses from delays, expanding the stora
The MSP of sugar was last revised a few years back
The sugarcane crushing season in Maharashtra will begin early this year - from the first day of October, instead of the end of that month, a senior official has said.
In coming season, the state's sugar output is pegged at 12.3 million tonnes
India's top sugar producer, UP had logged over 12 million tonnes last year
UP mills have A sugarcane outstanding of nearly Rs 11,000 crore
Despite an increase in sugar prices, mills fear that the decline in recovery may hit their profit margins and thereby hinder their cane payment capabilities
Crushing operations now expected to start only after November 15 in Maharashtra and Uttar Pradesh
The sugarcane department said it had effected some amendments for the benefit of bona fide farmers and to weed out 'sugarcane mafia' and unscrupulous complicity of government and mill officials
The sugar millers are saddled with huge unsold molasses inventory