Defiant UP mills want price set before fixing cane area

In a bold move, 100-odd cash-starved private sugar mills in Uttar Pradesh have invoked a state law and told the state government that they would rather know the cane price for the season starting October before submitting their cane requirement for the year. The mills, which are yet to pay R3,243 crore to farmers for cane purchases during 2012-13 and constrained by banks’ reluctance to extend any additional loans to them, have told the government that for the new season, they can at best pay 14% less than last year’s government-fixed price of R280 per quintal.

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