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230 million MT procured from farmers by sugar mills, 92% cane dues paid
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Saturday, 02 July, 2016, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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fiogf49gjkf0d The current sugar season 2015-16 has recorded procurement of 230 million MT of sugarcane from farmers by sugar mills across the country. Out of the total cane price dues payable of Rs 52,900 crore, on the basis of Fair and Remunerative Price (FRP), only Rs 4,225 crore are pending as cane price arrears for current sugar season.
As per a press note issued by the ministry concerned, sugar mills have paid about 92% of their cane dues so far. Out of the total pending cane price arrears for current sugar season, about Rs 1,975 crore pertain to Uttar Pradesh, which is about 14% of its dues payable. A major portion of the pending arrears, about Rs 1,600 crore, belong to five sugar group companies namely, Bajaj, Mawana, Modi, Simbhaoli and Rana.
Maharashtra being major sugar producing state has cleared almost 96% of sugarcane dues payable and only Rs 590 crore are pending as arrears. Other major sugar producing states like Karnataka have also paid 94% dues to farmers. During sugar season 2014-15, the cane price arrears had peaked at Rs 21,800 crore in the month of April 2015 which is now reduced to Rs 684 crore. Central government has been consistently monitoring the position of cane price arrears and advising the state governments for speedy liquidation of arrears.
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