Sugar mills in Maharashtra have paid 86 per cent Good and Remunerative Selling price (FRP) to sugarcane farmers. Out of 187 mills that started off crushing season seventy four sugar mills have paid one hundred per cent FRP.

In accordance to the information unveiled by the Point out Sugar Commissioner office environment, mills had to fork out ₹16,275 crore to farmers by February conclude of which ₹13,917 crore have been paid. FRP arrears are of ₹2,367 crore. There are 39 mills in the Point out which paid significantly less than sixty per cent of the payable FRP.

The FRP is primarily based on the price tag of output of sugarcane and an ingredient of confident profit as to include the danger of sugarcane farmers. In accordance to the Indian Sugar Mill Affiliation (ISMA), the mark up previously mentioned the price tag of output of sugarcane, at an all-India normal foundation is as substantial as one hundred per cent more than the price tag of developing sugarcane.

The Sugar Commissioner has not slapped Profits Restoration Certificate (RRC) notices to any sugar mills. The Sugarcane (Management) Buy, 1966 has mandated payment of the cane value inside of fourteen times of source by farmers. If mills fail to make payment in the stipulated time, they have to fork out fifteen per cent per annum fascination on the dues is payable.

Sugar mills in Maharashtra have paid 86 per cent Good and Remunerative Selling price (FRP) to sugarcane farmers. Out of 187 mills that started off crushing season seventy four sugar mills have paid one hundred per cent FRP.

In accordance to the information unveiled by the Point out Sugar Commissioner office environment, mills had to fork out ₹16,275 crore to farmers by February conclude of which ₹13,917 crore have been paid. FRP arrears are of ₹2,367 crore. There are 39 mills in the Point out which paid significantly less than sixty per cent of the payable FRP.

The FRP is primarily based on the price tag of output of sugarcane and an ingredient of confident profit as to include the danger of sugarcane farmers. In accordance to the Indian Sugar Mill Affiliation (ISMA), the mark up previously mentioned the price tag of output of sugarcane, at an all-India normal foundation is as substantial as one hundred per cent more than the price tag of developing sugarcane.

The Sugar Commissioner has not slapped Profits Restoration Certificate (RRC) notices to any sugar mills. The Sugarcane (Management) Buy, 1966 has mandated payment of the cane value inside of fourteen times of source by farmers. If mills fail to make payment in the stipulated time, they have to fork out fifteen per cent per annum fascination on the dues is payable.