For the last few seasons, the sugar price has been making trouble for the government, but now the Central Government of India is stepping up to stop the hike in sugar price. On the other hand, the Government seems totally inactive towards paying the Farmer’s Dues of 13000 crore rupees. In which, Uttar Pradesh Sugar Mills are solely owing 8000 crore rupees.
Currently, the Sugar Price is up at Rs. 40/Kg and the Government will give all efforts to stop the price hike on this level and to lower the sugar price. According to Industrial resources, it gonna be very difficult with less possibilities of getting succeed. The production of Sugar has been dropped by 30 lakh ton and the high pace in sugar companies share prices are the main reasons behind it. UP is highest sugar producing state in India and on the last days of Perai Season, Sugarcane price war is heating up in Uttar Pradesh. In such situation few mills have paid cash for the Sugarcanes and some others have paid more than standard cost.
Due to the less Sugar production in Maharashtra and Karnataka the sugar price is moving up in Indian domestic market. In comparison to International Market, Indian Sugar Price is much higher than others and so it’s also giving a tough time to Indian Sugar Exporters. However, the Government is still giving subsidy on exportation.