Sugarcane price fixed at Rs 500 a quintal

Sugar producers and sugarcane farmers today fixed the price of sugarcane at Rs 500 per quintal for this season.

Last year, farmers had sold sugarcane at Rs 411.50 per quintal.

After a long dispute between them, the sugar producers’ association and farmers’ association have agreed to fix the price for this season.

The sugarcane rate for this season was revised upwards on the basis of the rate offered by a sugar mill based in Bihar state of India. The Indian mill had offered Rs 215 Indian Currency (IC) per quintal last year and is likely to increase Rs 50 IC per quintal this year too.

Earlier, farmers had been demanding Rs 625 per quintal.