Sugar Millers in Maharashtra to Pay Higher Prices to Farmers
Sugar millers in Maharashtra are all set to pay higher prices to farmers than that mandated by the government as shortage of cane is expected in the next season while prices will remain the same. Chairman of Natural Sugar and Allied Industries BB Thombre confirms that the prevailing sugar prices suggest that many sugar mills will have to pay higher price for sugarcane than the recommended fair and remunerative price.
"We will review the financial position of the mills next month and take a decision about how much more money mills will have to pay to farmers, above the FRP," he added. The area under cultivation of sugarcane in Maharashtra is expected to turn down to 25 percent in the 2016-17 season compared to that in the current season due to two consecutive years of drought. Mills in the state crushed 741 lakh tonnes of sugarcane and produced 83.79 lakh tonnes of sugar in the ongoing season, which begins in November. Currently, Maharashtra is the leading state in the country in terms of output.