New Delhi: For the first time in the last four years, the sugarcane arrears have been recorded at a lower level to Rs 6,667 crore at the end of the sugar season 2020-21, stated the officials of the Ministry of Consumer Affairs, Food and Public Distribution.
According to the news report published in Indianexpress.com, official said, “The cane arrears at the end of the 2019-20 sugar season was around Rs 10,342 crore, which was 13.62% of Rs 75,928 crore payable to farmers. The sugar mills in the country had procured cane worth Rs 91,685 crore and cleared almost 93% of the dues and are yet to pay only Rs 6,667 crore.”
The official said that the figure of cane arrears for 2020-21 is provisional and is expected to go down to Rs 6,000 crore in the final data.
An increase in ethanol production and higher sugar exports have helped the millers in clearing the cane dues of the farmers.
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