The Haryana government on Thursday decided to increase the sugarcane price by Rs 12 per quintal to Rs 362 per quintal, higher than neighbouring Punjab's Rs 360, for the 2021-22 crushing season.
While Gujarat is the only state to have gone ahead with staggered payments, the issue of area reservation has been resisted by most states, Maharashtra being an exception
It is likely to decline as more sugarcane will be diverted for ethanol making, a senior government official said on Monday.
The FRP of Rs 290 per quintal at a recovery rate of 10 per cent is higher by 87 per cent over production cost
Scores of farmers on Friday launched an indefinite agitation in Jalandhar and blocked train movement on the Ludhiana-Amritsar and the Ludhiana-Jammu railway routes
Indian Sugar Mills Association says won't impact consumer price as ex-mill sugar price is already higher
A long-overdue increase in MSP could help clearing some of the dues, trade sources say; but inflation could be a concern
This will come despite likely diversion of 3.4 million tonnes sugar towards ethanol
Experts cite three key drivers of what they see as a permanent change in production patterns
The solution to the sugar Industry problem lies in any or a combo of a price stabilisation fund, the Gujarat model of payment of cane dues and increased focus on ethanol blending
Here's a selection of Business Standard opinion pieces for the day
Proposed reforms are good but much more needs to be done
Tikait said over the years, prices of petrol and diesel, LPG cylinders, school education and fertilizers have gone up but the price of sugarcane has remained as it is
Sugar mills owe Rs 16,883 crore to cane farmers as on January 31 of the current marketing year that started in October, Parliament was informed on Tuesday.
Union Food Minister Piyush Goyal urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies
However, experts say unless sources other than sugarcane, such as broken rice and maize are included as feedstock, it will be very difficult for the country to meet the 20% blending target by 2030
Cost-price mismatch is only part of the story; lack of working capital for mills and delay in release of subsidy add to the strain in the entire system
Uttarakhand Chief Minister Trivendra Singh Rawat sanctioned Rs 193.24 crore for the payment of dues to the sugarcane growers of the state
India's sugar harvest begins in October, when other major producers are winding down
Of the total 119 mills in UP, 94 units are owned by the private sector