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Friday, Sep 30, 2022

Uttar Pradesh hikes cane purchase price to Rs 350/quintal

Addressing the Kisan Sammelan organised in Lucknow, the chief minister also announced to waive interest on pending electric bills of farmers.

UP CM Adityanath said that the decision will bring change to the lives of 45 lakh farmers and enable them to increase their income by 8 per cent | Express Photo by Gajendra Yadav.

Ahead of the next year’s Assembly elections, Uttar Pradesh Chief Minister Yogi Adityanath on Sunday announced an increase in the state-administered price (SAP) of sugarcane by Rs 25 per quintal, taking the revised price to Rs 350 per quintal.

Addressing the Kisan Sammelan organised in Lucknow, the chief minister also announced to waive interest on pending electric bills of farmers.

Announcing that the hike would come into effect from the 2021-22 sugarcane crushing season, Adityanath said, “The purchase price of the early variety of sugarcane will be raised from Rs 325 per quintal to Rs 350 per quintal. The SAP for the general variety has been raised to Rs 340 per quintal from Rs 315 per quintal earlier.”

The government has also decided to buy the rejected variety of sugarcane, of which barely one per cent is left, at an increased price of Rs 335 per quintal from Rs 310 per quintal.

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According to a statement issued by the state government, the hike will boost the income of 45.44 lakh sugarcane farmers in the state and will result in an additional annual payment to the tune of Rs 4,000 crore.

During the 2007-2012 BSP government, the SAP for sugarcane was raised from Rs 125 per quintal for general and Rs 130 per quintal for early-maturing varieties to Rs 240-250 per quintal in the 2011-12 crushing season (October-September), marking an overall increase of Rs 115-120 per quintal.

First published on: 26-09-2021 at 06:37:06 pm
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