Cane Arrear

Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.

Centre’s bailout package: How should you trade sugar stocks now?

The government’s measures are likely to result in an increase in sugar prices and moderate the decline in profitability of mills, thus enabling timely payment to farmers. However, overall profitability outlook for the sugar sector remains weak for FY19.

Shree Renuka lists four demands of the sugar sector

Narendra Murkumbi, managing director of Shree Renuka Sugars spoke to CNBC-TV18 about his outlook for the sector and the company’s strategies going ahead.