AGL 40.15 Increased By ▲ 0.14 (0.35%)
AIRLINK 192.50 Increased By ▲ 4.52 (2.4%)
BOP 10.31 Increased By ▲ 0.19 (1.88%)
CNERGY 7.34 Increased By ▲ 0.23 (3.23%)
DCL 10.15 No Change ▼ 0.00 (0%)
DFML 41.78 Increased By ▲ 0.21 (0.51%)
DGKC 108.30 Increased By ▲ 0.39 (0.36%)
FCCL 38.65 Decreased By ▼ -0.35 (-0.9%)
FFBL 88.30 Increased By ▲ 6.28 (7.66%)
FFL 15.00 Increased By ▲ 0.10 (0.67%)
HUBC 122.25 Increased By ▲ 2.79 (2.34%)
HUMNL 14.52 Increased By ▲ 0.47 (3.35%)
KEL 6.34 Decreased By ▼ -0.06 (-0.94%)
KOSM 8.55 Increased By ▲ 0.48 (5.95%)
MLCF 49.75 Increased By ▲ 0.28 (0.57%)
NBP 74.30 Increased By ▲ 0.64 (0.87%)
OGDC 210.49 Increased By ▲ 5.64 (2.75%)
PAEL 33.20 Decreased By ▼ -0.36 (-1.07%)
PIBTL 9.07 Increased By ▲ 1.00 (12.39%)
PPL 193.20 Increased By ▲ 7.79 (4.2%)
PRL 34.44 Increased By ▲ 0.83 (2.47%)
PTC 27.70 Increased By ▲ 0.31 (1.13%)
SEARL 119.20 Decreased By ▼ -0.62 (-0.52%)
TELE 9.72 Increased By ▲ 0.03 (0.31%)
TOMCL 35.56 Increased By ▲ 0.26 (0.74%)
TPLP 12.61 Increased By ▲ 0.36 (2.94%)
TREET 21.50 Increased By ▲ 1.24 (6.12%)
TRG 61.15 Increased By ▲ 0.37 (0.61%)
UNITY 37.07 Decreased By ▼ -0.92 (-2.42%)
WTL 1.72 Increased By ▲ 0.07 (4.24%)
BR100 12,029 Increased By 257.3 (2.19%)
BR30 37,415 Increased By 831.1 (2.27%)
KSE100 112,948 Increased By 2138 (1.93%)
KSE30 35,195 Increased By 765.3 (2.22%)

Kisan Board Pakistan (KBP) has strongly opposed the sugar millers proposal of reducing sugarcane support price in Punjab and warned of staging a protest to block any such decision. KBP Central President, Sardar Zafar Hussain Advocate in a statement here on Tuesday alleged that the government had left farmers at the mercy of sugar mill mafia.
He claimed that sugarcane was being purchased at Rs 50 per maund along with cut up to 25 per cent besides stoppage of payments, which had created disappointment amongst the farmers.
He said that recent cold wave had badly damaged the sugarcane crop and now sugar millers were pressurising the government to reduce sugarcane support price by Rs 9 per maund. While on the other hand, they were forcing the government to buy 500,000 tons of sugar at the rate of 29.30 per kilogram. He claimed that it would deprive the government of Rs two billion.
Why all the incentives are being extended to the millers only, he questioned. The small farmers were facing losses and reduction in support price would provide benefit of billions of rupees to the sugar mills owners. He warned that if sugarcane support price was reduced, KBP would besiege sugar mills and stage demonstrations on roads.

Copyright Business Recorder, 2008

Comments

Comments are closed.