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Sugar mills in Maharashtra have reported greater than passable fee to their farmers as ex-mill costs of sugar proceed to carry agency within the state. Until December 15, of the 175 sugar mills that are in operation, 66 have reportedly paid 100 per cent of their dues to farmers for the cane procured.
The season, which began in October, had seen crushing of 232.98 lakh tonnes of cane until the center of December. State mills needed to pay farmers Rs 7,588.44 crore because the honest and remunerative worth (FRP). Mills have, until now, paid Rs 5,074.59 crore to their farmers, which is 66.87 per cent of the full fee to be made. As many as 100 mills have cleared 100 per cent of their fee. It is a much better efficiency than final season when, of the 168 mills operational, solely 48 had cleared full fee.
One of many important causes for this tempo of fee is the comparatively agency ex-mill sugar costs in Maharashtra. Most mills have reported gross sales at Rs 3,200-3,250/quintal, which have been holding regular for the reason that begin of the season. Exports have additionally proven a wholesome pattern, with the nation reporting export contracts price 34 lakh tonnes, of which 20 lakh tonnes have already been shipped out.
Sanjay Khatal, managing director of the Maharashtra State Cooperative Sugar Factories Federation, mentioned he expects the current export rally to final not less than until April subsequent 12 months. “Brazil’s season is anticipated to start out submit April however their crop situation is much from passable. We really feel that export will attain 60 lakh tonnes even earlier than Brazil begins its season,” he mentioned.
This season, all exports are being carried out underneath open basic licence, which suggests with none authorities subsidy.
In the meantime, the state sugar commissioner’s workplace has issued licences to 190 mills, of which most have began operations until December 28. 9 functions are pending, that are anticipated to be issued as soon as the mills cleared their pending FRP dues. The sugar commissioner’s workplace had taken a agency stance about FRP fee and refused to subject licences until the mills cleared their dues to farmers.
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