business-india-news

Private Uttar Pradesh sugar mills threaten to suspend operations

Lucknow, Nov 19 : Private sugar mills in Uttar Pradesh have threatened to suspend operations, terming the state government's move to fix sugarcane prices as "unreasonable, unaffordable and illogical".


Sugar mills individually served notice of suspension to the UP cane commissioner. The notice was also marked to the state chief secretary and principal secretary of department of sugar.

"This has reference to the actions initiated and letters issued by you and your good office for commencing operation of the sugar mills in losses without due consideration of the extremely difficult situation and problems faced by the sugar mills and also without our participation in the cane reservation process," private millers said in the letter.

Uttar Pradesh is India's largest sugar producing state. The industry supports livelihood of over four million farmers in the state.

The millers requested the state government to "fix affordable sugarcane prices in accordance with the recommendations of the Rangarajan Committee appointed by the central government".

The millers want the cane price at 70 percent of the revenue realised from sugar, bagasse, molasses and press mud or at 75 percent of the revenue realised from sugar.

--IANS (Posted on 19-11-2013)

business-india-news headlines

Wipro ups IT revenue forecast for first quarter

Germany's SCHOTT cleared of anti-competition charges

Wipro net up 41 percent in Q4

Sensex up 352 points; IT, bank stocks gain

100 companies to take part in India Show in Hong Kong

Sensex surges 352 points; IT, banks jump

Global crude oil price increases to $ 107.50 per bbl

10 lakh tons shortfall of sugar production in the country

SAIL files FIR against Kashmir Steel for trademark infringement

Lazeez opens their first flagship restaurant at Howrah

Papon, the East India Company endorse Sennheiser

Oriflame launches 'My Red Range'

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top