Despite financial distress, sugar mills in Maharashtra clearing cane dues

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Pune: Despite financial distress and dip in sugar sell due to lockdown, sugar mills in Maharashtra are clearing the cane dues.

According to the news report published in the Indian Express, mills have managed to clear 95 per cent dues of sugarcane farmers. Sugar mills have paid Rs 12548.30 crore out of Rs 13232.69 crore to the cane farmers till May 15.

Coronavirus has put sugar industry in the grim situation but despite this, mills are continuously engaged in sugarcane crushing to ensure cane growers does not suffer loss.

According to the Indian Sugar Mills Association (ISMA), in the current sugar season, 145 mills have already closed their crushing operations in the state and only 1 sugar mill is operating (15th May), while last year on the corresponding date, crushing season had already concluded by 30th April’ 2019. In Maharashtra, sugar production till 15th May 2020 was 60.87 lakh tonnes, compared with 107.15 lakh tonnes produced in 2018-19 Sugarcane Season, almost 46.3 lakh tons less than last year. Sugar production is down in the state because Maharashtra faced drought and flood las year.

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