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Tamil Nadu hikes sugarcane procurement price

Tamil Nadu hikes sugarcane procurement priceChennai, Dec 21 : Tamil Nadu Chief Minister J. Jayalalithaa Saturday announced Rs. 550 hike in the procurement prices of sugarcane.

In a statement issued here, she said she has ordered fixing of the state advised price (SAP) for sugarcane at Rs. 2,650 per ton for 2013-2014.

The SAP includes Rs. 100 towards transport charges per ton, she added.

The central government has fixed the statutory minimum price (SMP) and fair remunerative price (FRP) for sugarcane at Rs. 2,100 per ton. However sugar mills normally have to pay the price fixed by the state government.

Jayalalithaa said that sugarcane is grown in 865,000 acres in the state and the government is providing assistance to the cane farmers in various forms. (IANS)