Sugar mills get notice for failing to clear cane dues

Pune: Sugar mills in Maharashtra are facing hardship. Due to lockdown, sugar sale is affected, which has created financial scarcity for them. Therefore, they are unable to clear cane dues. And according to the media report, for the failure of sugarcane FRP, notices have been issued to sugar mills.

As per the news report published in Financial Express, 15 sugar mills got a notice for failing to pay cane dues. The notices have been issued by the regional joint directors of the respective areas where the sugar mills are located in the state.

Sugar mills in Maharashtra suffered due to flood and drought last year. And now mills are affected due to coronavirus pandemic. Mills are under deep financial crisis. Mills are unable to sell the sugar amid lockdown, due to which sugar stocks are piling up in warehouses. The demand for sugar has been reduced as the industries like cold drinks, ice cream, bakeries and sweet shops are shut due to lockdown. S

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