No change in sugarcane SAP in Uttar Pradesh

By: |
December 8, 2019 1:45 AM

The SAP for the common variety remains at Rs 315 a quintal, which accounts for almost half of the total sugarcane produce.

sugarcane industry in Uttar Pradesh, Yogi Adityanath government, state advised price of sugarcane, sugarcane produceThe prices for early variety and rejected varieties of cane have also been retained at Rs 325 a quintal and Rs 310 a quintal, respectively.

In what can be termed as a blessing for the beleaguered sugar industry in Uttar Pradesh, the country’s largest sugar producing state, the Yogi Adityanath government on Saturday retained last year’s state advised price (SAP) for sugarcane for the 2019-20 season.

The SAP for the common variety remains at Rs 315 a quintal, which accounts for almost half of the total sugarcane produce. The prices for early variety and rejected varieties of cane have also been retained at Rs 325 a quintal and Rs 310 a quintal, respectively. As compared to this, the Centre’s fair and remunerative price (FRP) for cane is Rs 275 a quintal. It may be mentioned that this is the second consecutive year when sugarcane price have remained unchanged.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Exporters seek extension of tax benefits for SEZs, presumptive tax for cross-border e-commerce
2India Inc on gradual recovery path, most sectors intend to ramp up hiring: Report
3Exports dip 17.84 pc in April-November this fiscal: Commerce Secretary Anup Wadhawan