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Govt raises sugarcane price by nearly 11 per cent for 2017-18

India, the world's biggest sugar consumer, has asked mills to pay at least 255 rupees per 100 kg from October..

Published: 24th May 2017 07:25 PM  |   Last Updated: 24th May 2017 07:25 PM   |  A+A A-

A man arranging sugarcane brought from Salem as part of the Navarathri celebration at Palayam market in Kozhikode (TP Sooraj|EPS)

By PTI

NEW DELHI: The Cabinet has raised by nearly 11 percent the price sugar mills must pay to cane growers in the next sugar season beginning October, the country's Finance Minister Arun Jaitley said on Wednesday.

India, the world's biggest sugar consumer, has asked mills to pay at least 255 rupees ($3.93) per 100 kg from Oct. 1, 2017, when the new sugar season begins, up from 230 rupees in the previous year.

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