Comments
The Cabinet Committee on Economic Affairs has decided to extend production subsidy to sugar mills which achieve expected performance in respect of export of sugar and supply of ethanol.
“This has been done to offset the cost of cane and facilitate timely payment of cane price dues of farmers,” an official release said.
Due to a drought situation, there has been significant decline in sugarcane/sugar production in the country — by about 1.8 million tonnes and 0.8 million tonnes respectively.
Revised target Drought-affected States had requested the Centre to reduce the target of sugar export and ethanol supply due to non-availability of sufficient sugarcane and molasses.
Initially, the export quota target was scaled at 15.70 kg of sugar for each tonne of estimated cane crushing. “Now, the export quota would be revised on a scale of 15.70 kg of sugar for each tonne of cane actually crushed by the mills during current sugar season or previously notified minimum indicative export quota target, the release said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.