COMMODITY
Sugarcane arrears stand at Rs 18,958 crore
Jun-24-2019

The total dues of sugarcane farmers by the sugar mills stood at Rs 18,958 crore as on June 18 of the ongoing 2018-19 marketing year (October-September). The maximum amount owed by sugar mills in Uttar Pradesh at Rs 11,082 crore, followed by Karnataka (Rs 1,704 crore) and Maharashtra (Rs 1,338 crore).

Punjab millers are yet to pay Rs 989 crore to sugarcane farmers, while those in Gujarat and Bihar have an outstanding of Rs 965 crore and Rs 923 crore, respectively.

According to industry body, Indian Sugar Mills Association (ISMA), the country's sugar output during the 2017-18 marketing year was a record 32.5 million tonnes. In 2018-19, it estimates the production to surpass the last year's level.


  RELATED NEWS >>