tag:blogger.com,1999:blog-27323809.post116303896852996207..comments2023-10-19T20:31:21.130+05:30Comments on Rish Trader: sweetness to come back in sugar sectorRishhttp://www.blogger.com/profile/17683893104402270273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-27323809.post-1163058307317053322006-11-09T13:15:00.000+05:302006-11-09T13:15:00.000+05:30What about the pricing of Sugarcane ??? Can sugar ...What about the pricing of Sugarcane ??? Can sugar companies show robust profits in wake of demand of the farmers for whopping increase of 100% in MSP ???<BR/><BR/>Maharashtra sugar industry is already threatened by agitation by farmers & state may not be able to achieve its target output of 70 lakh tonne sugar at the end of the season.<BR/> <BR/>Because of the agitation lead by Sharad Joshi & independent MLA Raju Shetty, only 54 of the state's total 154 sugar factories have been able to start their crushing season so far which used to start in 2nd week of Oct.<BR/> <BR/>This year, Maharashtra had a bumper sugar crop – of almost 670 lakh tonne – indicating 150 % surge over 445 lakh tonne clocked last year.<BR/> <BR/>If crushing is not started in another 10 days because of the agitation, the crushing season will extend till May, and this means a reduction in recoveries and losses to both farmers and sugar co-operatives.<BR/><BR/>The state government announced to have fixed Rs 850 a tonne as minimum support price (MSP), but farmers did not accept it &, launched agitation demanding the MSP to be settled between Rs 1,800 and Rs 2,000.<BR/> <BR/>Majority of the factories in Kolhapur, Sangli and Satara could not begin their crushing season yet owing to the strong protest launched there. So far, only 13 of the 41 factories in these three districts have been able to start their operations.<BR/> <BR/>These districts together are considered the sugar bowl of Maharashtra as their recovery percentage often exceeds 12 per cent, while the average recovery for the entire state is between 11 and 12 per cent.<BR/><BR/>Worst fear is that other states cannot remain insulated from this agitation.Anonymousnoreply@blogger.com