Payment arrears from sugar mills to cane farmers go up to ₹23,000 crore
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Appeal made to Centre to hike the minimum selling price of sugar
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Appeal made to Centre to hike the minimum selling price of sugar
Halfway through the marketing season, payment arrears from sugar mills to cane farmers have almost reached ₹23,000 crore, leading mills to lobby for the Centre to hike the minimum selling price of sugar. With regard to exports, millers hope that the decision to permit sales to Pakistan and facilitate sales to Iran will help meet targets.
Central government data showed that, as on February 28, dues of ₹22,900 crore were pending for the cane procured in the current season, which began in October 2020. March and April make up the peak crushing season for sugar. A year ago, arrears stood at around ₹19,200 crore.