Punjab CM announces hike in sugarcane price to ₹380 per quintal
The Hindu
Bhagwant Mann announced hike in sugarcane SAP on the last day of Punjab Assembly’s brief session
Punjab Chief Minister Bhagwant Mann on Monday announced increasing the price of sugarcane to ₹380 per quintal from the existing ₹360 per quintal.
He announced a hike in SAP (State agreed price) of sugarcane on the floor of the Punjab Assembly on the concluding day of its brief session.
Also read | No viable options: farmers in Punjab forced to persist with paddy, go against the grain
In August 2021, the then Congress government had announced a ₹50 per quintal hike in SAP of sugarcane to ₹360 per quintal.
Mr. Mann said farmers will get an additional ₹20 per quintal under SAP of sugarcane as compared to last year.
With this decision, the State government will spend an additional ₹200 crore annually to benefit the farmers.
Mr. Mann said the farmers of the State eagerly want to adopt sugarcane crop under crop diversification, but they are hesitant for it due to lack of adequate price and timely payment of the crop.
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