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Article: 'Fair' price for cane, bonus on rice

Article from:
The Hindustan Times
Article date:
October 30, 2009
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New Delhi, Oct. 30 -- The government on Thursday announced a nationwide "fair and remunerative price" of sugarcane of about Rs 130 per quintal and a Rs 50 bonus per quintal to farmers on paddy over the minimum price to boost procurement for PDS.

The Cabinet set the benchmark price at Rs 129.84 per quintal (100 kg), Home Minister P Chidambaram said after a meeting of the Union cabinet.

The government also cleared the bonus for paddy amid fears of a fall in rice procurement this season following drought, and later floods.

An ordinance on October 21 and an amendment to the sugarcane control order the next day, however, replaced the concept of a "minimum price" by a "fair and remunerative ...

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