UP sugar mills still owe Rs 740 crore to farmers

Commodities Bureau
Posted: Thursday, Jul 03, 2008 at 2316 hrs IST
Updated: Thursday, Jul 03, 2008 at 2316 hrs IST

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New Delhi, Jul 2: or have not been able to make payments of short-term loans availed from the central government have not made payments, hence blaming the whole of private sector is not reasonable,” the official added.

“Some companies are really not in a position to make the payments, which should be considered by the state government before sending recovery notices,” he said.

Mills in the state have a long-standing fued with the state government over the price at which sugarcane should be purchased from farmers.

Although the central government fixed a statutory minimum price of around Rs 81 per quintal, but the state has the power to set its own state advised price. The UP government had set a SAP of around Rs 125 per quintal to Rs 130 per quintal, which was challenged by private millers first in local courts and later at the Apex court....

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