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News
Rs.6,500 crore due to UP cane farmers
Date:
18 Mar 2018
Source:
The Hindu
Reporter:
Staff Reporter
News ID:
29921
Pdf:
Nlink:
The sugarcane farmers of Uttar Pradesh are yet to receive Rs. 6,499.22 crore arrears from sugar mills in the current crushing season. Private and corporate-owned mills top the list of companies that are yet to pay farmers the full price.
According to the Uttar Pradesh Sugar Mills Association (UPSMA), farmers sold cane worth Rs. 22,880 crore to sugar mills and received Rs. 16,380.78 crore till March 16. Overall, mill owners have managed to pay about 71.59% of the total money they owe.
Deepak Guptara, UPSMA’s secretary, said that about 8001 lakh quintals of cane was crushed in 2017-18, from which 850.49 lakh quintals of sugar was produced in this season. He said that due to the record production of sugar, prices had fallen.
Sugar prices
“The total investment in the production of one quintal of sugar is at least Rs. 3,450. Right now, the rate of sugar has gone down to Rs. 3,220 [per quintal], which means that we are bearing a loss of at least Rs. 230 per quintal,” Mr. Guptara said.
Sudhir Panwar, a former member of the Uttar Pradesh Planning Commission, who hails from the Shamli district, told The Hindu , “What is happening on the ground is just the opposite of the ruling party’s promise that farmers will get their cane [sale] dues in a maximum of two weeks from the start of the crushing season.”
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