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Sugar mills owe Rs 5,695 crore dues in 2015-16 marketing year

03 Aug 2016 Evaluate

Sugar mills owe Rs 5,695 crore dues to cane growers so far in the 2015-16 marketing year ending next month. As per information provided by Minister of State for Food CR Chaudhary, sugarcane dues of Rs 5,695.15 crore are outstanding against the sugar mills as on July 27 of the 2015-16 season (October-September).

Of the total outstanding cane arrears, the private sugar mills owe maximum dues of Rs 4,375.29 crore, followed by cooperatives at Rs 1,212.28 crore and public mills at Rs 107.58 crore in the said period. The Centre has taken several steps to help the sugar industry in order to resolve the liquidity problems and facilitate clearance of cane price arrears of farmers.

In July, forecast for crushing season 2016-17, the apex industry body Indian Sugar MillsAssociation (ISMA) estimated India’s sugar output at 23.26 million tonnes,compared with 25.1 million tonnes for the year 2015-16.


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