Yogi announces hike in sugarcane MSP by Rs 25 per quintal, months before UP polls
Economy

Yogi announces hike in sugarcane MSP by Rs 25 per quintal, months before UP polls

UP CM Yogi Adityanath said Sunday that the new price will enable sugarcane growers to increase incomes by 8%, and will transform lives of 45 lakh farmers.

   
Sugarcane farmers wait with their bullock carts to unload their crop outside the Modi Sugar Mills in Modinagar, Uttar Pradesh | Photographer: Anindito Mukherjee | Bloomberg

Sugarcane farmers wait with their bullock carts to unload their crop outside the Modi Sugar Mills in Modinagar, Uttar Pradesh | Photographer: Anindito Mukherjee | Bloomberg

Lucknow: In a major decision barely months ahead of the upcoming 2022 Assembly elections, Uttar Pradesh Chief Minister Yogi Adityanath on Sunday announced a Rs 25 per quintal hike in the purchase prices of sugarcane in the state.

Addressing a meeting of farmers here organised by the BJP’s Kisan Morcha, Adityanath said, “The government has decided that the variety of sugarcane for which Rs 325 per quintal was paid to farmers, that price has been increased to Rs 350, which will be paid to farmers.”

“The government has also decided to increase the price of ordinary sugarcane variety, to Rs 340 (per quintal) up from Rs 315 (per quintal). The government has also decided to the hike the value of the ‘anupyukt’ (less yielding) variety of sugarcane by Rs 25 per quintal.”

Elaborating about the benefits, Adityanath said, “This will enable the sugarcane farmers to increase their income by 8 per cent, and will be a transformation in the lives of 45 lakh farmers.”

He also said that 119 sugarmills will be operated, and they will be linked with ethanol.


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