date:Aug 18, 2014
he stock exchange about their decisions to suspend operations in the new season. Every year the Uttar Pradesh government typically forces mills to pay a premium over the cane price fixed by the federal government to woo farmers, a major voting bloc.
But nearly 4 million cane farmers in Uttar Pradesh cite rising input costs as the reason behind higher cane prices set by the state government. Fertiliser, labour and diesel costs have gone up by 50 percent in the past 5 years in Uttar Pradesh and