Bank account of sugar mills freezed over pending cane arrears

Kathmandu, Nepal: Sugarcane farmers in Nepal are upset as they have yet not received sugarcane dues, and now government took strict action against those mills who failed to pay the arrears before the deadline.

The bank accounts of two sugar mills namely Annapurna Sugar mill and Lumbini Sugar mill have been frozen as they failed to clear dues of cane farmers. The Ministry of Culture, Tourism and Civil Aviation has issued a letter to Nepal Rastra Bank to initiate action in this regard.

The mills had promised to clear the dues by January 21 as per the agreement between agitating sugarcane farmers and government. The government will also be investigating the transactions of the two sugar mills.

Sugarcane farmers had withdrawn their protest after the government signed a five-point agreement with them assuring the clearing of cane dues from sugar mills by January 21. Recently, the Nepal government has kept the sugarcane price unchanged at Rs 536.36 per quintal for sugar season 2019-20. The price is with including a subsidy of Rs 65.28 per quintal.

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