The decision, taken at a Cabinet meeting chaired by Chief Minister Yogi Adityanath, is expected to benefit nearly 45 lakh sugarcane farmers across the state. The hike comes ahead of the upcoming crushing season and follows sustained demands from farmer unions for better remuneration amid rising input costs.
Read MoreThe SAP rise is intended to benefit sugarcane farmers in UP by giving them higher assured price for their produce. This can boost their incomes. The increased cost of raw material (cane) squeezes margins, especially when sugar selling prices and ethanol procurement rates are not rising equivalently.
Read More