Cabinet approves financial assistance to sugar mills for clearing cane dues of farmers
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval to provide financial assistance @ of Rs. 5.50 per quintal of cane crushed in sugar season 2017-18 to sugar mills to offset the cost of cane, in order to help sugar mills to clear cane dues of farmers.
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Subsidy of Rs 5.5 per quintal for sugarcane farmers approved
Arrears surged to about Rs 20,000 crore on sharp fall in sugar prices on record production
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India approves subsidy for cane farmers to help sugar mills: source
NEW DELHI (Reuters) - India's cabinet on Wednesday approved a proposal to help sugar mills by paying the cane farmers that supply them a subsidy for their produce, a government source said, as part of efforts to help a sector struggling with a glut.
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Govt approves Rs 5.5 per quintal subsidy for sugarcane farmers
The government today approved a production subsidy of Rs 5.5 per quintal for sugarcane farmers to help cash-starved millers clear cane arrears that have surged to about Rs 20,000 crore due to sharp fall in sugar prices on record production.
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NEW DELHI (Reuters) - The Indian cabinet approved on Wednesday a proposal to give subsidies to cane farmers for produce they sell to sugar mills, a government source said, as part of efforts to help growers and companies struggling with a glut.
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Sugar games
The Centre should adopt the Rangarajan panel’s recommendations and link FRP for sugarcane to realisations from sugar and by-products
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Sugar production in India set to reach record highs
Sugar production is set to exceed the country’s annual demand by 6.5 million tons, compared with the March estimate of 4.5 million tons.
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Govt support crucial to achieve sugar export target, says ICRA
Support from the government will be crucial to achieve the targeted sugar exports as the current low global prices could render shipments unremunerative for the sugar mills, credit rating agency ICRA said in a statement on Thursday.
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UP sugar mills complain of threats from politicians
In a letter to chief minister Yogi Adityanath, the Uttar Pradesh Sugar Millers Association has said that such unlawful activities by the political elements have been reported in as many as five sugar factories.
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Sugar flat in routine trade
Sugar prices ruled unchanged on Thursday on routine demand, supply and volumes. Expectation of cess on the sweetener snapped the bearish trend which was in place for almost a month.
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