September 26, 2018 / 6:58 AM / 20 days ago

India set to raise production assistance for cane farmers: government document

NEW DELHI (Reuters) - Indian cabinet is set to raise the price the government directly pays to cane growers to 138 rupees ($1.90) per tonne in the new season beginning October 2018, according to a government document seen by Reuters, up from 55 rupees in the current season.

A farmer works in his sugarcane field on the outskirts of Ahmedabad, February 28, 2015. REUTERS/Amit Dave/File photo

On Wednesday, Prime Minister Narendra Modi’s cabinet is expected announce some other measures to help money-losing sugar mills to export the sweetener to trim bulging stocks at home.

($1 = 72.71 rupees)

Reporting by Mayank Bhardwaj; Editing by Gopakumar Warrier

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