Thursday, 4 August 2022

0 Sugarcane Price: Center hikes sugarcane price by Rs 15 per quintal, farmers will now get Rs 305

The central government has increased the price of sugarcane by Rs 15 per quintal for 2022-23. Sugar mills will now pay Rs 305 per quintal to sugarcane farmers. In the cabinet meeting on Wednesday, the government decided to increase it by Rs 15 per quintal. It has been extended to 2022-23. This decision will benefit 5 crore sugarcane farmers and those who depend on them. Along with this, 5 lakh workers working in this area and sugar mill will also be benefited. The crushing season of sugarcane starts from October.

The decision was taken by the Cabinet Committee on Economic Affairs headed by the Prime Minister. The production cost of sugarcane for 2022-23 has been Rs 162 per quintal. Fair and Remunerative Price (FRP) of sugarcane is the minimum price at which sugar mills have to buy sugarcane from farmers. It has been said by the government that in 8 years there has been an increase of more than 34 percent in FRP. To check the fall in sugar prices, the government has fixed the price of sugar at Rs 31 per kg.

18,000 crore help:

According to sources, financial assistance of more than Rs 18,000 crore has been given to sugar mills to facilitate export of sugar and maintain buffer stock, increase ethanol production capacity and clear dues of farmers. In the current season, mills have procured 3,530 lakh tonnes of sugarcane worth Rs 1.15 lakh crore. More than 3,600 lakh tonnes of sugarcane is expected to be procured in 2022-23. The cost of this can be Rs 1.20 lakh crore.

92,710 crores paid:

The ministry said cane price arrears of about Rs 92,938 crore were pending in the last crushing season, out of which Rs 92,710 crore has been paid. Now only Rs 228 crore is left. Out of arrears of Rs 1.15 lakh crore in 2021-22, Rs 1.05 lakh crore has been paid to farmers till August 1.

The post Sugarcane Price: Center hikes sugarcane price by Rs 15 per quintal, farmers will now get Rs 305 appeared first on Spotlight 7.



source https://spotlight7.com/national/sugarcane-price-center-hikes-sugarcane-price-by-rs-15-per-quintal-farmers-will-now-get-rs-305/

About The Author :

Lorem ipsum dolor sit amet, pericula qualisque consequat ut qui, nam tollit equidem commune eu. Vel idque gloriatur ea, cibo eripuit ex.
Previous Page Next Page Home

Comment Policy : The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. This comment policy is subject to change at any time. If you have any questions on the commenting policy, please let us know at [blog contact information]..

0 comments: