INDIA
SUGAR INDUSTRY’S BITTER CUP OF WOES
PRICE SUPPORT NEEDS TO BE APPROACHED FROM HEALTH ANGLE TOO
2018-05-16 12:32
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In the run-up to the Karnataka assembly polls, with the State being one of the few largest producers of sugarcane in the country, the Union Cabinet approved financial assistance of Rs 5.50 per quintal (100 kg) for cane crushed by sugar mills in the extant 2017-18 sugar year (October-September) by way of production subsidy. The subvention is to be directly credited to the bank account of the cane growers, as they have not been the recipient of the “fair and remunerative price” (FRP) for sugarcane fixed by the Centre.