Welcome Guest!
|
Members Log In
Close Panel
Home
About us
Ethanol
Cogeneration
Environmental
Statistics
Distillery
Sugar Price
Sugar Process
Contact us
Sugar & Health
ID:
7
Date:
08-11-2011
Headline:
Hiked cane SAP blow to UP millers
Writer:
Source:
PDF:
The Uttar Pradesh Government announced a hike in sugarcane SAP for the current crushing season by Rs 40 a quintal. In the last crushing season, the Government had fixed the SAP at Rs 205 per quintal for regular and Rs 210 per quintal for early maturing variety.
The price of Rs 240 per quintal is substantially higher than the Central Government`s FRP of Rs 145 per quintal of cane.
The SAP hike is a blow to the millers in U.P., who are already making a loss of almost Rs 2-3 a kilo due to higher cost of production of sugar. Presently the ex-mill price of sugar is hovering around Rs 28.50 a kg. in U.P. If mills have to pay a price of Rs 240 per quintal to the farmers, then the ex-mill price will have to be somewhere between Rs 33-34 a kg.
Mr Abinash Verma, DG, ISMA said, “The hike in SAP will adversely impact capacity of mill owners in U.P. to pay timely to farmers. This will result in mounting arrears to farmers, unless the Central Government is sensitive to the situation and allow ex-mill prices to stabilize at Rs.33-34 per kilo in the coming months.”
Navigation
TV Interviews
Application Form For Associate Membership
Terms & Conditions (Associate Member)
ISMA President
Org. Structure
Associate Members(Regional Association)
Who Could be Member?
ISMA Committee
Past Presidents
New Developments
Publications
Acts & Orders
Landmark Cases
Forthcoming Events