Oct 27, 2017
Indias biggest sugar producing State has raised the price mills must pay for the new crop by 3.3 per cent, a state government source said on Friday.
Uttar Pradesh raised the cane price to Rs. 315 ($4.85) a 100 kg for the crop year that began this month, up from Rs. 305 in the previous year, the state official, who declined to be named because he isnt authorised to speak with media, told Reuters by telephone.
The central government has kept the 2017/18 cane floor price at Rs. 255 per 100 kg.
Although the Centre fixes the cane price every year, some state governments such as Uttar Pradesh invariably raise the rate to court farmers, which is a large voting bloc.
Source: The Hindu Business Line