image

Determination of Fair and Remunerative Price payable by sugar mills for 2013-14 sugar season

The Cabinet Committee on Economic Affairs has approved the fair and remunerative price of sugarcane payable by sugar mills for 2013-14 sugar season to be fixed at Rs.210/- per quintal. This price will be linked to a basic recovery rate of 9.5 percent, subject to a premium of Rs.2.21 per quintal for every 0.1 percentage point increase in recovery above that level.

The ˜fair and remunerative price™ of Sugarcane is determined under the Sugarcane (Control) Order 1966. This will be uniformly applicable all over the country.

The revision will be in the interest of sugarcane growers keeping in view the need for a remunerative price and the present situation of the sugar industry.

This revision is a continuation of a steady sugarcane pricing regime with moderate increases, which is not likely to disturb inter-se cropping pattern and ensure adequate availability of sugar as well as other basic foodstuff in coming years.

****

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates