Maharashtra sugar mills pay 82% of remunerative price
21 December 2022, New Delhi: Some 189 sugar mills that are crushing sugarcane in the current sugar season to September 2023 have paid 82 per cent of the fair and remunerative price (FRP) to farmers.
Data released by the Maharashtra Sugar Commissioner office show that these mills have crushed 236.69 lakh tonnes (lt) sugarcane by December 19 and owe FRP of ₹7,407.20 crore. Of this, ₹6,075.23 crore has been paid to farmers.
Of the operational mills, 69 mills have paid 100 per cent FRP, while 21 mills have paid FRP between 80 and 99 per cent. About 120 factories are yet to pay FRP dues.
Sugar Commissioner Shekhar Gaikwad, in a letter to Chief Director (Sugar), Ministry of Consumer Affairs, Food and Pubic Distribution, said there are mills which show FRP dues but most of these mills have been sold under the Insolvency and Bankruptcy Code 2016 and under the Securitization and Reconstruction of Financial Assets and Enforcement Act of Security Interest Act , 2002.
“An FRP dues in such cases get wiped out,” Gaikwad added. These arrears amount to ₹307 crore.
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