Pakistan likely to increase sugarcane purchase price

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Lahore: Pakistan government planning to increase the minimum purchase price (MRP) of sugarcane from Rs 220 per 40 kg to Rs 250 per 40 kg this season.

As per news report published in Dawn.com, the decision in this regard will be taken by the Sugar Cane Control Board (SCCB) in a meeting scheduled next week. The instructions have been issued to the Agriculture, food and other relevant agencies to take steps to find the production cost of the sugarcane to determine the minimum support price.

The cane price is scheduled to increase due to an increase in the farm input prices and high electricity rates for tube wells. Taking note of this, the SCCB is planning to propose a hike of at least Rs 30 per 40 kg in the previous year’s rate.

The country has witnessed an increase in the area under cane cultivation. The data from Punjab Crop Reporting Survey (CRS) shows that the area under cane cultivation has increased by around 12 per cent to 2.148m acre against the set target of 1.880m acres.

The failure of the cotton crop has led to the farmers turning to cane cultivation. The favourable weather conditions would help in increasing cane output this year, said Punjab Cane Commissioner Muhammad Zaman Wattoo.

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