How will the hike in Fair and Remunerative Price for sugarcane affect farmers and sugar mills
Understanding the impact of increased Fair and Remunerative Price for sugarcane on stakeholders in the sugar industry.
- Positive impact on farmers: Increased Fair and Remunerative Price for sugarcane will lead to higher income for farmers, improving their livelihoods and reducing financial stress.
- Negative impact on sugar mills: Sugar mills will face higher production costs due to the increased procurement price of sugarcane, which may lead to reduced profits.
- Inflation and market competitiveness: Higher sugarcane prices could potentially lead to increased sugar prices in the market, impacting consumers. Sugar mills may also face challenges in competing with lower-priced sugar imports.
- Investment in technology and efficiency: Sugar mills may need to invest in technology and improve operational efficiency to offset increased costs and maintain profitability.
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a year ago