UP Sugarcane Hits ₹425/Quintal: Sugar Industry Faces Supply Crisis

• Sugarcane prices in Uttar Pradesh surged to ₹425 per quintal, creating a stir in the sugar industry.
• Jaggery and khandsari units in Western UP offer ₹400-₹425/quintal, pressuring sugar mills for supply.
• Sugar mills in UP-Uttarakhand face a supply crisis due to 10% lower yield compared to last year.
• Traditional crushers (kolhus) in Haridwar pay up to ₹430-₹450/quintal, attracting farmers with immediate payment.
• Market prices now exceed the State Advanced Price (SAP) of ₹400 (UP) and ₹405 (Uttarakhand).

Why It Matters: Soaring sugarcane prices in UP, driven by lower yield and higher offers, threaten sugar mill supply.