Punjab Hikes "State Agreed Price" Of Sugarcane. Will Benefit Farmers, Says Chief Minister

With this decision, the state government will spend an additional Rs 200 crore annually for the benefit of famers.

In a bid to provide much-needed relief to Punjab's sugarcane farmers, Chief Minister Bhagwant Mann today announced to increase the price of sugarcane to Rs 380 from Rs 360 per quintal.

Announcing this in the assembly, Mr Mann said farmers will get an additional Rs 20 per quintal under the State Agreed Price, or SAP, of sugarcane compared to last year.

With this decision, the state government will spend an additional Rs 200 crore annually for the benefit of famers.

Mr Mann said farmers in Punjab eagerly want to adopt sugarcane crop under crop diversification, but they are worried about inadequate pricing and untimely payment.