The state government of Karnataka has fixed an advance price of Rs 2,200 per tonne for sugarcane supplied to sugar factories in southern region, which had already started the crushing season. However, as per revenue sharing formula between the factories and the sugarcane farmers, the final price would be arrived for sugarcane for 2012-13.
Also, upon a 30-member committee submitting its report on revenue sharing pattern, the pending dues for farmers for 2011-12 would be decided based on the above formula. The committee is headed by the Agriculture Minister, Umesh Katti, comprises two other Cabinet ministers, government officials, representatives of sugar factories, farmers’ leaders and sugar experts.
For 2012-13, the country’s sugar production is projected to be around 240-250 lakh tonnes. Out of this Karnataka’s share is expected to be around 29.56 lakh tonnes. The sugar prices ruled in the region of Rs 3,400 per quintal in August and in the current month.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: