Maharashtra sugar mills pay 97% FRP to farmers after crushing season

Sugar mills in Maharashtra have paid out ninety seven per cent Fair and Remunerative Price (FRP) to farmers this year right after the completion of the crushing season. Mills paid out an FRP of ₹13,149.fifty six crore even though dues well worth ₹358.66 crore are pending this season.

The information unveiled by the Sugar Commissioner Business office states that a hundred and forty four sugar mills crushed 550.13 tonnes of sugarcane. Mills had to pay out ₹13,508.22 crore as FRP to farmers, of which ninety seven per cent was paid out by June fifteen. About 107 sugar mills have paid out 100 per cent FRP.

Compared to 73 sugar mills that gained Earnings Recovery Certificate (RRC) past season, no sugar mill was slapped with the see this year. Final year, 195 mills had crushed 952.eleven tonnes cane and had paid out ₹21,931 crore in FRP. FRP arrears for past year are well worth ₹1,one hundred seventy.seventy nine crore.

In buy to defend the curiosity of farmers and motivate them to cultivate sugarcane, the govt fixes the FRP for each individual season perfectly in progress, which is a benchmark price tag below which no sugar mill can order cane from farmers. Other than, FRP is connected to a basic restoration price, with a premium payable to farmers for greater recoveries of sugar from cane.

Meanwhile, according to the Indian Sugar Mill Affiliation (ISMA) Maharashtra’s web cane location has long gone up by about 43 per cent in 2020-21, which is generally due to higher than-standard monsoon in 2019, followed by standard rainfall from January to March 2020. As towards the web cane location of seven.seventy six lakh hectares in 2019-twenty, the location is expected to enhance to eleven.twelve lakh hectares in 2020-21.

“Based on the satellite images procured in the latter section of June 2020, the complete acreage below sugarcane in the place is estimated to be close to 52.28 lakh hectares in 2020-21, which is about 8 per cent greater than the 2019-twenty sugar season’s cane location of close to 48.forty one lakh hectares,” reported the ISMA statement.

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