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Centre to work on incentives for sugar mills to help pay farmers: Gadkari

This article was posted on May 24, 2018 and is filed under Market News

In the next week to 10 days, the central government is expected to finalise a second lot of incentives to help cash-strapped sugar mills clear cane payment arrears to farmers, said Road Transport Minister Nitin Gadkari. Under consideration is creating a buffer stock of sugar and pushing export to China and Bangladesh,” Gadkari, who heads a committee on the issue, told Business Standard.

The food ministry has moved a draft Cabinet note on creating a sugar buffer of 3 million tonnes (mt) and fixing a minimum ex-mill price, says news agency PTI. Cane payment arrears are about …

For more visit: Business-Standard

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