As of July 31, 2024, sugar mills have paid Rs 1.06 lakh crore to cane farmers for the 2023-24 marketing year, with Rs 5,188 crore still due. The total cane price for this year is Rs 1,11,136 crore, and Rs 1,05,948 crore has been settled. In Uttar Pradesh, mills have paid Rs 32,470 crore out of a total Rs 35,910 crore, leaving Rs 3,440 crore in arrears. For investors, this indicates ongoing cash flow challenges in the sugar sector and potential impacts on liquidity.
