Pune: Sugar mills in Maharashtra have cleared 87% of Fair and Remunerative Price (FRP) to the sugarcane farmers for the ongoing crushing season. Mills hope to pay full payment to farmers by boosting exports.
According to the media reports, the sugar mills in India have signed contracts to export 43 lakh tonne of sugar which include contracts of 20 lakh tonne from Maharashtra sugar mills.
As per a news report published in thehindubusinessline.com, till March 15, the mills have cleared RS 15,836 crore which is around 86.91% of the total FRP for this season. The mills are expected to clear the remaining Rs 2,385 crore dues in the upcoming days.
Total 187 sugar mills participated in the cane crushing operations this season and out of these 86 have cleared 100% FRP, while 65 have cleared 60-69% FRP. The state sugar commissioner has already issued notices to many sugar mills under Revenue Recovery Certificate (RRC) for failing to clear FRP to the cane farmers.