Andhra Pradesh - Others   

Sugarcane price hiked

Staff Reporter

Cane crushing begins at Kadapa Cooperative Sugars Ltd.

FORMAL REVIVAL: Kadapa Collector M.T. Krishna Babu performing pooja to launch cane crushing at Chennur.

KADAPA: District Collector M.T. Krishna Babu said on Wednesday that a decision was taken to increase sugarcane procurement price from Rs. 950 to Rs. 1,000, to ensure farmers' welfare.

The Collector formally launched cane crushing at Kadapa Cooperative Sugars Ltd. at Chennur and said an investment of Rs. 14 crores, sanctioned by the Government, was made on the factory in the last two years. In addition to Rs. 1,000 per tonne, farmers would be paid transport charges ranging from Rs.15 to 100 depending on the distance.

Optimal capacity

The factory set up in 1973 with a cane crushing capacity of 1,250 metric tonnes had never achieved optimal capacity so far, he said. Industrial Development Bank of India had seized the factory in 1995, when its cumulative losses reached 16.50 crores. The factory was revived after the Government cleared debts of Rs. 3.66 crores, Mr. Krishna Babu said.

The sugar unit would be able to secure assistance from financial agencies if it achieves 100 per cent crushing, he said. Ryots were seeking cane price of Rs. 1,200 per tonne, in view of increase in diesel price, Proddatur MLA N. Varadarajulu Reddy said. He assured to apprise Chief Minister Y.S. Rajasekhara Reddy of the demand.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Dharmana lists ryot-friendly measures
Chalo Hyderabad in support of IIT at Medak
Commission on assigned lands sought
Sugarcane price hiked
IIT: TDP not ready to yield ground to TRS
Kadapa Mayor seeks cancellation of DSC
Millers seek relaxation of Food Corporation norms
Rehabilitation package for fishermen

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu