Subsidy for Sugarcane Growers Unable to pay for sugarcane deliveries because of high input costs and low sugar prices, the sugar industry approached the government for an intervention. The arrears owed to farmers had reached $2.98 billion at the end of March 2018, and the government of India (GOI) finally decided to offer them a subsidy of Rs.55/MT ($0.82/MT) for the stocks sold to the mills. It will be issued to farmers’ accounts directly, and the mills will cover the difference. However, the subsidy is only 7.68 percent or $229 million of the total due.
For the 2017/18 sugar season, GOI’s set price for sugarcane is Rs.2,550/MT ($38/MT), while Uttar Pradesh raised the rate to Rs.3,150/MT ($47/MT). Since the season started,...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...