Wednesday, October 5, 2022

Farmers call for fixing sugarcane's support price at Rs350-400 per maund

Farmers call for fixing sugarcane's support price at Rs350-400 per maund

ISLAMABAD (92 News) - Farmers have demanded that the support price of sugarcane should be fixed at Rs36-400 per maund.

On the other hand, a meeting of the Agriculture Policy Institute ended without fixing the support price of sugarcane. The Sugar Mills Association apprised the meeting of the stock of two million tonnes of sugarcane in the country.

They said that the mills could not start the crushing season from November 15 if the sugar stock exists.

"The government can provide sugar at Rs63 per kg without the sales tax on the subsidy. The banks will never give the working capital to sugar mills in the presence of sugar stocks," they maintained.