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Indian-Commodity  :  Commodities  :  Sugar  :  Sugar Mills' cane arrears dip 13% to Rs 7,826 crore for 2017-18 season

Sugar Mills' cane arrears dip 13% to Rs 7,826 crore for 2017-18 season (29-Jan-2018)

The cane arrears by sugar mills stood at Rs 7,826 crore for 2017-18 season down by 13% from a year ago. As per the Food Ministry, as on date, cane price arrears in the current season on SAP (state-advised price) basis are at Rs 7,826 crore in comparison with Rs 8,982 crore in the corresponding period of the last sugar season.

Besides, the cane price arrears for sugar season 2016-17 have been reduced to only Rs 52 crore (on FRP basis) and Rs 1,076 crore (on SAP basis) against cane dues payable of Rs 57,608 crore.

In order to protect the interest of farmers, the state government fixes the SAP and is usually higher than the Fair and Remunerative Price (FRP) set by the central government.



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