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HomeUncategorizedKey sugar producing Indian state to provide subsidy to crush surplus cane

Key sugar producing Indian state to provide subsidy to crush surplus cane

MUMBAI, April 28 (Reuters) – India’s western state of Maharashtra will provide a transport subsidy to sugar mills to crush surplus cane in the marketing year ending on Sept. 30, the state government said in a statement on Thursday.

Mills will get transport subsidies of 5 rupees per tonne for every km for crushing cane after May 1, the government said.

Usually most mills in Maharashtra, the country’s top sugar producer, complete cane crushing by March end and only a few run operations in April. This year many mills are still running their units because of surplus sugar cane.

Maharashtra has been struggling to crush all available cane before the onset of the monsoon season in June, when rainfall makes transport of cane from fields to factory difficult.

The state is likely to produce a record 13.4 million tonnes of sugar in 2021/22, compared to the initial estimate of around 11 million tonnes.

The above news was originally posted on www.reuters.com

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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