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State Advised Price for sugarcane for 2013-14 season

| Updated on December 23, 2013 Published on December 23, 2013

Ponni Sugars (Erode) Ltd has informed BSE that:

"As per Press Release No.335 dt. December 21, 2013, the Government of Tamil Nadu has announced the State Advised Price for sugarcane for 2013-14 season. It is fixed at Rs. 2650/ t, including transport charge of Rs. 100/ t as against Rs. 2350/ t for 2012-13 season. This is also Rs. 550/t higher than the FRP of Rs. 2100/ t fixed by the Central Government for 2013-14 season.

At a time when sugar prices have considerably crashed and are already ruling at below viable levels, the hike in State Advised Price would significantly add to the losses of sugar operations."

Source : BSE - >www.bseindia.com

Published on December 23, 2013
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