India raises sugar cane floor price by 3.6 % - minister

Bajaj Hindusthan Sugar

19/08/2020 10:33

MUMBAI, Aug 19 (Reuters) - India's cabinet has approved
raising the price that sugar mills must pay for cane in the next
season beginning Oct. 1, to 285 rupees per 100 kg, up from 275
rupees a year earlier, a minister told reporters on Wednesday.
    The government raises the floor price for cane every year,
but Uttar Pradesh state, the country's top cane producer,
invariably raises the floor price further due to its millions of
cane growers, an influential voting bloc.

 (Reporting by Rajendra Jadhav; editing by David Evans)
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Messaging: rajendra.jadhav.thomsonreuters.com@reuters.net))