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‘The Government should keep out of cane pricing’
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Description:M Manickam, Executive Chairman, Sakthi Sugars, spoke to BusinessLine on the challenges facing the industry and why the Centre has to stop fixing cane prices. Over the past few years, the Centre has been increasing the FRP fair and remunerative price of sugarcane disproportionate to other crops — a yearly increase of per cent when general inflation has been per cent. So, farmers planted more cane and, now, the market is flooded with sugar. The government is talking about revenue-share pricing in cane. What is the situation now?
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