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Maharashtra mills produce 465 lakh quintals of sugar in over two months
Maharashtra mills commenced the 2021-22 sugarcane crushing season on October 15, 2021, and until currently 189 sugar mills have developed 465.two lakh quintals of sugar, which is about forty four per cent of the one,063 lakh quintal sugar manufacturing in the final crushing season ( 2020-21). Sugar mills, like ninety five cooperative mills and ninety four private mills, have crushed 479.eighty five lakh MT sugarcane with an extract price of 9.sixty nine per cent. Only 6 sugar mills have commenced operations in the Vidarbha region of the Point out although the Solapur region has the optimum (forty four) operational mills. Having said that, the Kolhapur region with 35 operational mills…
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Jute mills cut production owing to mismatch between market price and price ceiling imposed
Even as raw jute manufacturing is believed to be up by just about 55 for every cent increase this calendar year, jute mills are curtailing manufacturing because of the mismatch amongst the current market charges of raw jute and the cost ceiling imposed on it. The Jute Commissioner’s office environment had, in September this calendar year, imposed a cost ceiling of ₹6,five hundred a quintal on raw jute trade in order to ensure source of raw substance to the mills at a honest cost. The pricing of the B-twill baggage is also primarily based on this cost ceiling even though the current market charges are presently ruling close to ₹7,a…
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How politicians are pocketing sugar mills and their vast lands
The Maharashtra Point out Cooperative Bank Constrained (MSCB) is in the course of action of auctioning the Aurangabad-primarily based Gangapur Co-operative Sugar Mill. The mill in the drought-prone region of Marathwada has unsuccessful to repay a bank loan of ₹89.64 crore. The financial institution would like to lease out the mill for fifteen years to get well its dues and has attached it, per the provisions of Securitisation and Reconstruction of Economical Property and Enforcement of Safety Fascination Act, 2002. The mill is mired in corruption controversies with administrators blaming just one an additional for siphoning out dollars and profits even though farmers, who hoped for greater potential customers, have…
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Maharashtra co-operative fraud: How co-op sugar mills become private properties
As the Jarandeshwar Sugar Co-operative Mill in Satara district failed to repay its instalment of financial loan, the Maharashtra State Co-operative Lender (MSCB) auctioned it for ₹65.seventy five crore in 2010. Expert Commodity Services Pvt. Ltd, a culture with a turnover of ₹63 lakh, purchased the mill in the auction, claims Shalinitai Patil who the moment headed the mill. Patil claims that the precise price tag of the mill, the land and other assets is at the very least ₹2,000 crore. She alleges that there was a “conspiracy” to grab the mill and its land. Read also: How politicians are pocketing sugar mills and their broad lands Spouse of previous…
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Sugar mills in Maharashtra pay 99% FRP to farmers
Sugar mills in Maharashtra paid out ₹30,418.01 crore web good and remunerative selling price (FRP) to sugarcane farmers by July 31. In contrast to the same period of time past yr, this year’s FRP is 222 for every cent increased with an overall increase of ₹16,689 crore. In July 2020, mills experienced paid out ₹13,728.94 crore web FRP that was about ninety five for every cent of the complete payable FRP. Nevertheless, this yr, mills have set a file by shelling out ninety nine for every cent of the complete ₹30,809.91 crore payable FRP. Only 1.28 for every cent, that is ₹391.90 crore FRP arrears are with mills, in accordance…
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Farmers’ body want action against mills not paying FRP
Swabhimani Shetkari Sanghatana (SSS) has demanded that the State govt should choose motion towards sugar mills that have failed to shell out Good and Remunerative Value (FRP) to farmers. Sugar mills in Maharashtra have crushed 709 lakh sugarcane to develop 716 lakh quintals of sugar. Till very last month about 22 for every cent FRP was thanks. SSS submitted a memorandum to State Sugar Commissioner Shekhar Gaikwad indicating that many sugar mills have breached the guarantee to shell out the 1-time FRP and are providing the quantity in phases, even though many mills have not paid any FRP to farmers. The Sugarcane (Control) Order, 1966 stipulates the payment of the…
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