Business · Energy & Commodities · 4 hrs ago

Vijayapura growers demand statewide sugarcane profit-sharing deal

Vijayapura growers demand statewide sugarcane profit-sharing deal

Vijayapura growers want profit-sharing rules across Karnataka based on a formula announced in Belagavi district.

They say the district’s 10 sugar factories must agree to a base price of ₹3,600 per tonne before crushing begins.

Under their proposal, if sugar prices cross ₹45 per kg, farmers would receive 75% of factory profits and factories the rest.

Growers say this could raise their payments to ₹4,000–₹4,400 per tonne and help cover higher costs for fertiliser, other supplies and labour.

In neighbouring Bagalkot district, farmers reject the ₹3,600 offer because later profit payments are uncertain, and they are demanding ₹4,250 per tonne.

Bagalkot growers have protested and threatened to stop crushing and sugar sales if their demands are not met.

Vijayapura’s Deputy Commissioner has promised a meeting between growers and factories and said he would pass their concerns to the State government.

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What people are saying

Eerappa HanchinalSugarcane growers’ leader
The factory owners have formed a clique and are playing tricks with farmers.
via The Hindu
Basanagouda Patil YatnalVijayapura MLA and sugar factory owner
It is also fair for farmers to expect a share in the profits of factories.
via The Hindu