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Maharashtra government would soon procure Sugar from mills at the rate of Rs 3,200 a quintal to arrest the slide in Sugar prices, the state government said. The ministry said that around 25 per cent of total production in the state can thus be procured in the months to come. Sugar mills are facing an unprecedented crisis in view of the fall in Sugar prices. Mills in the state have even taken to reducing the first installment payment to growers in view of the liquidity crisis faced by them. Cane arrears in the state have already reached Rs 2,000 crore and millers fear it will grow further. “In view of the crisis in the Sugar sector, the Maharashtra State Cooperative Marketing Federation will purchase Sugar in a staggered manner. The Sugar will remain with mills and the state will either sell it after prices improve or dispose it of through other channels,” the ministry said. A detailed proposal has been prepared and will be put before the state cabinet next week. The state government will stand guarantor for the Federation to raise the required capital, said an official.

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