Karnataka govt fixes Rs 2,200 per tonne as advance price for sugarcane supplied to southern factories

SME News, Monday, Sep 17, 2012 13:47:11 PM IST

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BANGALORE: The state government has fixed Rs 2,200 per tonne for sugarcane supplied to sugar factories in southern region which had already started the crushing season, as an advance price, as announced by the state Chief Minister, Jagadish Shettar.

The final price for sugarcane for the current fiscal (2012-13) would be decided as per revenue sharing formula between the factories and the sugarcane farmers.

In a month after a committee, the pending dues for farmers for 2011-12 would also be decided based on this formula. The committee would be headed by the Agriculture Minister, Umesh Katti.

This 30-member committee comprises two other Cabinet ministers, government officials, representatives of sugar factories, farmers' leaders and sugar experts.

In last month and even in the current month, the sugar prices ruled in the region of Rs 3,400 per quintal, as per the officials.
The country's sugar production is projected to be 240-250 lakh tonnes in 2012-13, wherein Karnataka's share is likely to be 29.56 lakh tonnes.

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