Sugarcane price to go up in next crushing season: Hooda

Chandigarh, Feb 4 (UNI) Haryana Chief Minister Bhupinder Singh Hooda today assured the farmers in the state that the price of sugarcane for the next crushing season of 2008-09 would be increased by Rs 8 to Rs 10 per quintal.

In a statement issued here today, Mr Hooda said the decision to increase the price of sugarcane has been taken to keep the returns from this crop at par with other alternatives of wheat and paddy combinations for which prices have already gone up sharply for the next year.

He made it clear that as a result of this intended increase in the price, there would be no adverse impact on the financial health of sugarmills as the sugar market is expected to boost up during next year.

Mr Hooda urged the farmers to keep a balance in their crop pattern of sugarcane and paddy-wheat combination and assured that the Government would try to maintain the corresponding balance in returns from alternative crops.

The Haryana Government is already giving the highest ever price of sugarcane to the farmers, according to a press release.

UNI XC JN GL GC1727