Sugarcane farmers in trouble, arrears on sugar mills reached Rs 22,900 crore by February

Sugarcane (token photo)

Sugarcane (token photo)

The Indian Sugar Mills Association (ISMA) says that the cash position of the sugar mills has been affected due to the weak price of sugar.

new Delhi. Sugarcane arrears rose by 19.27 percent to Rs 22,900 crore from sugar mills in sugarcane season 2020- 21 till February. Indian Sugar Mills Association ie Indian Sugar Mills Association informed about this on Thursday. He says that due to the low price of sugar, the cash situation of the sugar mills has been affected.

It is necessary to improve the revenue receipt of sugar mills
Isma (ISMA) said it hoped the government would raise the minimum sale price of sugar from the current level to improve the condition of sugar mills. ISMA has said in a statement that it is necessary to improve the revenue receipt of sugar mills otherwise if the current situation worsens, the cane arrears of farmers will increase rapidly.

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The Indian Sugar Mills Association, citing government data, said that the cane dues are higher this year than they were a year ago. It was Rs 19,200 crore in the same period a year ago.




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