The Maharashtra State Federation of Cooperative Sugar Factories, the highest body of sugar factories in the state says the difference between levy sugar purchase price and the market price is easily noticeable.
The reduced levy sugar price, according to the federation, is likely to dent their bottom-line. While the levy price is about Rs. 2,768 per quintal the market price counts around Rs. 3,000 per quintal.
Sources say the reduced levy price may complicate things further for the sugar factories so there is need for a rethink of the matter. Sources add the central govt.’s recent relief package of Rs. 6,600 crore to sugar plants is being negated by several factors including restricted sugar export.