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et (1)   27-Oct-09 06:46Track this thread   Tracked by (0)  
Posted by:   abhaytiw on ( 27-Oct-09 06:46 )
Price : BSE: Rs 210.20 ( -2.12 % ), NSE: Rs. 210.10 ( -2.03 % )
Govt may dilute states’ control over sugar prices



Prabha Jagannathan NEW DELHI



A DAY after the Centre came out with an ordinance amending the Essential Commodities Act, which replaced the sugarcane SMP with a “fair and remunerative price” from the current sugar season (October 2009-September 2010), process has been set in motion for the second part of the exercise. It involves an amendment of the Sugarcane Control Order, 1966, to dilute the right of the state governments to announce the State Advised Price (SAP) that is usually much higher than the Centre’s SMP for sugarcane. A notification in this regard is in the offing.
The Centre cannot take away the right of the states to announce SAP, as reinforced by the apex court in 2004 in a case involving Uttar Pradesh. So, the objective of the relevant amendments to the Sugarcane Control Order, 1966 is that in the event the sugarcane support price announced by state governments is higher than the fair and remunerative price, the burden falls on the states themselves.
In effect, it could mean that sugar millers will pay SAP in the five SAP states and the difference between the SAP and the fair and remunerative price will be reimbursed to them later. However, according to an industry official, this would not be feasible.
Meanwhile, Uttar Pradesh, the country’s second biggest sugarcane producer, raised the state-fixed minimum price paid to farmers for sugarcane by 18% to Rs 165 per quintal, compared to Rs 140 per quintal last year. The state government has also increased SAP for early maturing varieties of cane to Rs 170 from Rs 145, and prices for inferior grades to Rs 162.50 from Rs 137.50. The increase of Rs 25 is the highest annual increase by the state.
The higher minimum price will provide an additional Rs 2,100 crore to farmers in the state.











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