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ANNOUNCEMENT 28 Apr 2022
The Indian state of Maharashtra has announced a subsidy on the production of sugar for the 2021-2022 season.
NUMBER OF INTERVENTIONS
1
SOURCE
Cabinet Decision
https://www.maharashtra.gov.in/Site/upload/CabinetDecision/English/112.%20Dt.28-04-2022_Cabinet%20Decisions_(Meeting%20No.112).pdf
Times of India - Maharashtra to provide subsidy to crush surplus cane
https://timesofindia.indiatimes.com/business/india-business/maharashtra-to-provide-subsidy-to-crush-surplus-cane/articleshow/91160369.cms
The Free Press Journal - Maharashtra Cabinet approves subsidies for transport and low recovery to sugar factories
https://www.freepressjournal.in/mumbai/maharashtra-cabinet-approves-subsidies-for-transport-and-low-recovery-to-sugar-factories
On 28 April 2022, the Indian state of Maharashtra announced a transport and production subsidy for sugar mills for the 2021-2022 season. The state will provide a transport subsidy of INR 5 (approximately USD 0.07) per tonne per km. of transport beyond 50 km. and a production subsidy of INR 200 (approximately USD 2.61) per tonne if the sugar recovery drops below 10%. The subsidy will be provided for sugarcane crushed from 1 May 2022.
The Indian sugar season ends in India on 30 September 2022.