Maharashtra: Seventy sugar mills in crisis

Pune: As many as 70 sugar mills in the state are in crisis said Maharashtra State Cooperative Sugar Factories Federation (MSCSFF) chairman Jayprakash Dandegaonkar. He was speaking at a conference organised in Someshwarnagar of Baramati taluka by Someshwar sugar mill and MSCSFF.

Addressing the gathering, he said, “The sugar sector is reeling under a financial crisis from the last five years. For one quintal sugar production cost is Rs 3,400, whereas the selling price is Rs 3,100. We are moving towards increasing ethanol production and are trying to come out of the financial crisis.”

Flood in Pune, Sangli, Satara, Solapur and Kolhapur districts, the sugar belt of Maharashtra, have majorly hit the sugarcane crops, which will ultimately be going to impact the sugarcane production in Maharashtra. Also, farmers have uprooted sugarcane in the severely drought-affected regions of the state to feed their animals as other green fodders were not available. It will also likely to impact sugar output in Maharashtra.

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