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LATEST NEWS UPDATES | As cane dues cross Rs 14,200 crore, UP sugar mills petition state govt -Harish Damodaran

As cane dues cross Rs 14,200 crore, UP sugar mills petition state govt -Harish Damodaran

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published Published on May 12, 2020   modified Modified on May 12, 2020

-The Indian Express

UP mills have, in the current 2019-20 sugar season (October-September) as of May 8, crushed 10,565.49 lakh quintals of cane and produced 120.01 lakh tonnes (lt) of sugar.

With cane payment arrears to farmers crossing Rs 14,200 crore, sugar mills in Uttar Pradesh have sought a cash subsidy bailout from the state government to enable them to discharge their outstanding dues.

“In this hour of deep crisis, we look upon you to bail out the industry by way of a cash subsidy. This shall help augment our cash flows, so that crushing operations and cane price payments continue,” CB Patodia, president of UP Sugar Mills Association (UPSMA) wrote in a letter to the Chief Minister Yogi Adityanath.

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The Indian Express, 12 May, 2020, https://indianexpress.com/article/business/as-cane-dues-cross-rs-14200-crore-up-sugar-mills-petition-state-govt-6405426/


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