Raising Cane
Cash-strapped mills and angry farmers: sugar is on the boil again.
Angry over delayed payments for their sugarcane produce, farmers torched the offices of six sugar units in Sangli and Satara on January 12. Their payment were two-and-a-half months overdue. The Sugarcane Control Act mandates release of payments within 14 days. Facing a cash crunch owing to a slump in the price of sugar, the mill managements said they were ready to release partial payments, but agitating
