Punjab Govt issues notification on hike in price of sugarcane

Chandigarh, November 11: The Punjab government has issued a notification regarding the increased rate of sugarcane.

In a statement issued , the Agriculture Minister Kuldeep Singh Dhaliwal said that during the academic year 2022-23, the Fair and Demonstrative Price (F.R. P) and the difference between State Agreed Price (SAP) value between Punjab Government and private sugar mills is fixed at a 2:1 ratio.

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The government led by the Chief Minister of Punjab, Bhagwant Mann, increased the price of advanced quality sugarcane at Rs. 380 per quintal, medium quality Rs 370 and late quality Rs.365 per quintal.

The Agriculture Minister further informed that the state government's share of Rs 50 per quintal will be directly deposited in the accounts of sugarcane farmers and all sugar mills will start crushing sugarcane from 20 November 2022.