As I said earlier, apart from global sugar deficit and improvement in sugar prices, there is structural change happening in the sector – one is export incentives, progressive ethanol blending program and most important is cane price linkages (hopeful to get through over 2yrs timeframe)…Another news doing rounds after UP Govt assisted millers last sugar season, this time Central Govt is planning to pay farmers to reduce cane arrears situation in the country.
Didnt like the subsidised route Govt (like in petrol and diesel) is taking addressing the issue but I am hopeful that over next 2-3 years they will get back to linkage — just rough calculation on this year estimated production of 26-27mt – subsidy burden will work out to around Rs 140-150cr (Rs 55/ton subsidy) against a huge arrears of over peak of the season last year – wont help address the actual situation
Govt may pay sugarcane growers directly to help mills: Srcs
Read more at: http://www.moneycontrol.com/news/economy/govt-may-pay-sugarcane-growers-directly-to-help-mills-srcs_3707881.html?utm_source=ref_article
http://www.moneycontrol.com/news/economy/govt-may-pay-sugarcane-growers-directly-to-help-mills-srcs_3707881.html
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