Punjab cooperation minister expresses displeasure over reduced sugar export subsidy

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Chandigarh: Punjab cooperation minister Sukhjinder Singh Randhawa expressed displeasure over government decision to slash export subsidy for the current season. He said the decision will affect the sugarcane farmers and sugar mills.

He has appealed to the Central government to immediately repeal its decision as cane growers and millers are already reeling under financial pressure.

“The central government had provided export subsidy to the tune of Rs 6,828 crore at the rate of Rs 10.44 per kg for the year 2019-20. But now the government plans to pay Rs 3,500 crore through subsidy. The decision will adversely impact the sugarcane farmers,” he further added.

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