While the season is still on, the mills have cleared 87 per cent of the total cane payment of Rs 90,000 crore till March 31 of the 2023-24 season, the official said.
When the inflection point arrives in terms of pricing, the switch to EVs at the expense of conventional vehicles will be dramatic
"If someone has this misunderstanding that he is going to earn by stopping cane payment to farmers, then he is wrong. The cane farmers should not worry as the government will pay their cane dues," Adityanath said while inaugurating a building of Agricultural College.
The task force is looking at two key things- reduction of the impact of sugarcane cultivation involving inefficient use of groundwater and bringing India's sugar industry in line with the global markets.
The UP government is planning to sign an MoU with the Centre for 'power to all' scheme to ensure that there is power supply in various parts of the state.
The cane price payable and arrears have been calculated on the basis of Fair and Remunerative Price (FRP), which is the minimum price, fixed by the Centre, to be paid to farmers. For the 2015-16 marketing year, FRP for sugarcane has been fixed at Rs 230 per quintal.
Modi's government would directly pay farmers 45 Indian rupees (USD 0.68) for every tonne of cane produced, leaving mills to bear the rest of nearly 98 percent of the cost, one of the sources said, aimed at wooing politically influential growers and helping sugar companies recovering from a global glut.
Sugarcane farmers allege that the government and loss making sugar mills are hand in glove and all center and state government policies favour only the industry.
Sugar mills are unable to clear the cane arrears to farmers as the ex-factory prices of the sweetener is ruling below the production cost.
Farmers, led by Swabhimani Shetkari Sanghatna leader and MP Raju Shetty, want the sugar factories to declare Rs 3,000 per tonne as the first instalment for the crop
Irked by curbs on milk, cotton and sugar exports, Agriculture Minister Sharad Pawar has shot off a letter to Prime Minister Manmohan Singh stating that the government's policies are hurting farmers who are being asked to subsidise the industry.
The Supreme Court has directed private sugar mill owners to pay farmers at the special advisory price fixed by state governments. SP Tulsian of sptulsian.com spoke to CNBC-TV18 about his take on the situation.
Sugar mills paid nearly Rs 41,000 crore to sugarcane farmers till June 15 of the 2010-11 marketing year, ending this month, while dues of Rs 1,656 crore were outstanding, Parliament was informed today.