Aug 29, 2019
There is another important issue pertaining to sugar MSP. Patil request DFPD to kindly compute all finance costs including depreciation in re-fixing sugar MSP so as to bring it at par with average cost of production.
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There is another important issue pertaining to sugar MSP. Patil request DFPD to kindly compute all finance costs including depreciation in re-fixing sugar MSP so as to bring it at par with average cost of production.
National Federation of Cooperative Sugar Factories Ltd.(NFCSF), New Delhi has declared their 21 Efficiency Awards 2018-19 for the cooperative sugar mills across India.
National Federation of Cooperative Sugar Factories Ltd.(NFCSF), New Delhi has declared their 21 Efficiency Awards 2018-19 for the cooperative sugar mills across India.
In a conversation with ChiniMandi.com, Mr. Prakash Naiknavare– Managing Director – NFCSF shared light on the implications of controls by the Government and major reforms needed. He said, “With area and production increasing year on year, the returns to farmers on sugarcane are exceedingly remunerative compared to other crops. There have been excessive sugar inventories due to which the financial situation of Cooperatives continues to be grim. Despite this cooperative mills have exported 70% of their MIEQ of 2018-19. These situations are just leading to a vicious circle and cooperatives are losing profitable opportunities.”