UP’s sugar production touches 110 lakh tonne, cane dues mount to Rs 12,000 crore

UP’s sugar production touches 110 lakh tonne, cane dues mount to Rs 12,000 crore

The three UP sugar corporation mills have paid 49% of their dues and still owe Rs 197 crore.The three UP sugar company mills have paid 49% of their dues and nonetheless owe Rs 197 crore.

As sugar mills in Uttar Pradesh begin inching in direction of closure, the state’s 120 sugar mills have thus far produced 110 lakh tonne, which is approximatey 12% lower than final yr’s manufacturing of 126 lakh tonne.

Of the 120 sugar mills in operation, 110 have shut store whereas the remaining 10 are more likely to shut by the top of the month or in early June. Based on trade sources, the season in UP might effectively finish with whole output of a bit of over 110.5 lakh tonne.

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Based on knowledge accessed by FE, as on Could 24, the 120 mills that operated on this season have paid Rs 20,324 crore cane dues to the farmers, whereas Rs 11,913 crore are nonetheless pending. The 93 personal sugar mills working within the state have cleared 65% of their dues and nonetheless owe roughly Rs 10,087 cr, whereas 24 UP Cooperative sugar mills have paid 38.48% and owe Rs 1629 cr.

The three UP sugar company mills have paid 49% of their dues and nonetheless owe Rs 197 crore.

The cost of Rs 20,324 crore is barely greater than 63% of the entire cane dues through the season, when mills crushed 1018.82 lakh tonne of sugarcane to provide 109.81 lakh tonne of sugar.

It could be talked about that UP has been traditionally closing sugar seasons with excessive cane dues. Whereas final yr’s (2019-20) cane dues on the finish of the season stood at a historic excessive of Rs 14,800 crore, in 2018-19, the closing dues have been at Rs 10,213.88 crore, whereas in 2017-18, the closing dues have been to the tune of Rs 12,419.63 crore.

Whereas the state’s common cost is round 63%, some personal sugar mills’ efficiency is abysmally poor. The main defaulters are the Yadu group’s two mills which have made solely 3.06% of its whole cane dues, whereas the Modi group’s two mills have paid solely 3.93% of its whole cane dues. The Bajaj group too, which has 14 sugar mills within the state, has paid a meagre 15.8% of its whole dues, whereas Simbhaoli group’s three sugar mills have paid a mere 24.12%.

Nonetheless, teams such Dwarikesh, DSC, Dalmia, Birla, Dhampur, Triveni, IPL and Balrampur Chini have paid effectively. Whereas Dalmia’s three mills have paid 94.66%, Dwarikesh group, which has three sugar mills, has paid 93.66% of its dues. Balrampur group’s 10 sugar mills have paid 93.48%, whereas DSCL’s 4 mills have paid 92.70%. Dhampur’s 5 mills which have paid 86.83%, adopted by Birla group’s 4 mills have which have paid 80.44%. Triveni’s seven mills have cleared 87.68% of their dues, whereas Indian Potash’s six mills have paid 71.84%.

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