Jun 26 2009 1:19PM
MUMBAI, June 26 (Reuters) - India's northern state of Uttar Pradesh, the second biggest sugar producer in the country, will fix state advisory price for the cane for 2009/10 crushing season in August, the state agriculture minister said on Friday. "We haven't decided anything yet. We will take a call on state advisory price in August," Chaudhary Laxmi Narayan, told Reuters over phone.
For last few years, Uttar Pradesh has been fixing state advisory price sharply above support price announced by central government.
In 2008/09 crushing season, the federal government had fixed support price at 81.18 rupees per 100 kg, while the state had fixed advisory price at 140 rupees.
The federal government on Thursday agreed to raise the minimum price that mills must pay farmers for sugarcane by a third to a record high, aiming to expand planting in the world's No. 2 producer and trim record high imports.
The federal government will increase the price to 107.76 rupees per 100 kg in the new season from October, versus 81.18 rupees per 100 kg in 2008/09.
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