- Welcome to UP, where sugar mills are raring to shut down the operations!
- Out here, sugarcane and sugar prices are not linked unlike what’s been done in Maharashtra and Karnataka.
- Banks are running away from giving loans to mills. Most of the money that is coming from the sale of sugar is going to farmers & mills are getting ~nothing.
- The states can fixe their own cane price, which is much higher than the Centre’s cane price, known as ‘Fair and Remunerative Price’ (FRP).
- But here’s a catch – Mills cannot shut down when they want – they can do so only when the district magistrate allows them to do so.
Sugar Industry – FRP, SAP, Rangarajan Committee, EBP, MIEQ, etc.
Mawana Sugars almost gives up
- And we are speaking on the sugarcane crisis in UP where sugar mills are raring to shut the operations!
- In UP, Sugar cane and sugar prices are not linked which is already been done in Maharashtra and Karnataka.
- Banks are running away from giving loans to mills. Most of the money that is coming from the sale of sugar is going to farmers & mills are getting ~nothing.
- The state fixes their own cane price, which is much higher than the Centre’s cane price, known as ‘Fair and Remunerative Price’ (FRP).