{"id":29628,"date":"2018-10-26T11:33:51","date_gmt":"2018-10-26T06:03:51","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29628"},"modified":"2018-10-26T11:33:51","modified_gmt":"2018-10-26T06:03:51","slug":"govt-approves-sugarcane-subsidy-of-rs-5-5-per-quintal","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/govt-approves-sugarcane-subsidy-of-rs-5-5-per-quintal\/","title":{"rendered":"Govt. approves sugarcane subsidy of Rs. 5.5 per quintal"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-national\/govt-approves-sugarcane-subsidy-of-rs-55-per-quintal\/article23754333.ece\"><strong>Govt. approves sugarcane subsidy of Rs. 5.5 per quintal<\/strong><\/a><\/p>\n<p><strong>Context <\/strong><\/p>\n<p>Sugar production has hit record highs this year, crossing domestic consumption prices, and leading to a crash in prices. Industry lobbyist Indian Sugar Mills Association (ISMA) estimates that wholesale sugar prices have fallen by Rs. 9 per kg over the past five months, and the mills are now incurring a loss of Rs. 8 per kg of sugar<\/p>\n<p><strong>What has happened?<\/strong><\/p>\n<p>The government has approved a subsidy of Rs. 5.5 per quintal of sugarcane crushed in the 2017-18 season to help sugar mills clear more than Rs. 19,000 crore in dues to cane farmers<\/p>\n<p><strong>Why the subsidy?<\/strong><\/p>\n<p>Sugar production has hit record highs this year, crossing domestic consumption prices, and leading to a crash in prices. Industry lobbyist Indian Sugar Mills Association (ISMA) estimates that wholesale sugar prices have fallen by Rs. 9 per kg over the past five months, and the mills are now incurring a loss of Rs. 8 per kg of sugar. Hence, the subsidy<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Govt. approves sugarcane subsidy of Rs. 5.5 per quintal Context Sugar production has hit record highs this year, crossing domestic consumption prices, and leading to a crash in prices. Industry lobbyist Indian Sugar Mills Association (ISMA) estimates that wholesale sugar prices have fallen by Rs. 9 per kg over the past five months, and the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/govt-approves-sugarcane-subsidy-of-rs-5-5-per-quintal\/\">Continue reading <span class=\"screen-reader-text\">Govt. approves sugarcane subsidy of Rs. 5.5 per quintal<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-29628","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704776550},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=29628"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29628\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=29628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=29628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=29628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}