NEW DELHI The Indian cabinet has raised by nearly 11 percent the price sugar mills must pay to cane growers in the next sugar season beginning October, the country's Finance Minister Arun Jaitley said on Wednesday.
India, the world's biggest sugar consumer, has asked mills to pay at least 255 rupees ($3.93) per 100 kg from Oct. 1, 2017, when the new sugar season begins, up from 230 rupees in the previous year.
($1 = 64.83 rupees) (Reporting by Mayank Bhardwaj; Editing by Malini Menon)
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Updated Date: May 24, 2017 22:07 PM