date:Aug 25, 2014
rs' dues, estimated at nearly 50 billion rupees.
Mills say a 70-percent jump in the price that they have to pay to farmers in the biggest cane-growing state of Uttar Pradesh and a meagre 7 percent rise in sugar prices have worsened their finances, leading to cane dues.
There was an import parity but mills were not signing deals, expecting revision in the import duty. At 25 percent duty, imports are not viable, said a Mumbai-based dealer with a global trading firm.
In the current sugar year to