Hukoomat ka ek or karnama: Cheeni mehengi rahay gi

[sagaciouscorpion]

It is a shame ... (continuing shame) that govt is supporting this suger mafia to suck the blood of the poor...

 

[Shahid Ali]

This was already predicted at the time of increasing sugarcane procurement price.

1. If procurment price of sugarcane is increased then definately sugar prices will go up.
2. This year sugar production is lower than demand so expensive imported sugar will come in market.
3. Hoarding by traders is also a factor.

So this was obvious that prices will increase.

Cheeni Kum :(


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Punjab increases cane procurement price to Rs100

Thursday, April 09, 2009
By Jawwad Rizvi

LAHORE: The Punjab government has increased sugarcane procurement price by 25 per cent to Rs100 per maund for the next crop season.

According to a notification issued by the Punjab government on April 7, the sugarcane procurement price has been increased by Rs20 to Rs100 per maund compared to the previous price of Rs80 per maund. This 25pc hike in the procurement price will also push up rates of sugar next year.

Last year too, the sugarcane procurement price was increased by 25pc, which took the sugar rate to Rs42-43 per kg. This time it would also have the same impact on the sugar price, which may cross Rs50 per kg.

Sugar price was Rs32-33 per kg when the government increased the cane procurement price last year. Sugar price now stands at Rs43-45 per kg in the retail market. Now with high cost, the increase in the sugar price next season could be more than last year and it could touch Rs55 per kg depending on the crop size.

According to a notification issued by the Punjab Food Department, the minimum purchase price or support price of sugarcane under Section 16 (i) of the Punjab Sugar Factories Control Act, 1950 has been fixed at Rs80 per 40 kg, or Rs250 per 100 kg (per quintal) or Rs2,500 per metric ton at the factory gate as well as at the Cane Purchase Centres.

However, the sugar mills may deduct from the purchase price the transportation charges paid for bringing the commodity from the purchase centres and other locations away from the factory at the rate of Rs0.60 per quintal (100 kg) per km subject to a maximum of 40 kms for the crushing season 2009-10.

It is expected that farmers producing high sugar-content cane will get Rs140-150 per maund for their produce. In the previous season, the growers got Rs100-120 per maund on premium production compared to the support price of Rs80.

The timely notification about the minimum sugarcane procurement price will encourage the farmers to grow more. It will also encourage them to sow the crop in a better way to achieve an increase in their produce and maximise returns.

Last season, the cultivation of sugarcane dropped by 18.5 per cent in Punjab and total area sown was 1,665 million acres compared to 2,044 million acres in 2007-08.

source: http://www.thenews.com.pk/daily_detail.asp?id=171515

 

[tajammulali]

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