SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sugar mills pay Rs 52,895.94 crore to cane farmers till June

07 Aug 2013 Evaluate

Sugarcane farmers have received nearly Rs 53,000 crore from sugar mills and over Rs 5,800 crore was due pending towards farmers till June of the 2012-13 marketing year ending September. The total cane price payable till June of the 2012-13 marketing year (October-September) to the farmers stood at Rs 58,806.97 crore and out of that mills had made payments to the tune of Rs 52,895.94 crore. The cane price arrears stood at Rs 5,821.03 crore till June, which is about 10% of the total payable amount.

Sugar mills in the leading sugar producing state, Uttar Pradesh, owes maximum to cane farmers at Rs 4,234.60 crore while the cane price arrears in Maharashtra was almost nil. The outstanding payment of sugar mills in Tamil Nadu, Uttarakhand and Karnataka stood at Rs 501.37 crore, Rs 375.82 crore and Rs 352.69 crore, respectively. Sugarcane (Control) Order, 1966 stipulates payment of cane price within 14 days of supply, failing which interest at the rate of 15% per annum is payable to farmers.

India which is the world’s second largest producer and biggest consumer of sugar, estimated production at 25 million tonnes in the 2012-13 marketing year. The annual domestic consumption is seen at 22 million tonnes.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×