Rahim Yar Khan January 12 2022: Financial year 2021-2022 seems to be more challenging where growers are not willing to supply sugarcane at prices less than Rs. 300 per 40 kgs as against the support prices of Rs. 225 & Rs. 250 per 40 kgs, as disclosed by JDW Sugar Mill.
At the same time, government wants the sugar industry to sell sugar at lower prices which may again put the industry in crisis like situation.
Government in Punjab always takes coercive measures to suppress the sugar prices as against the market forces.
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JDW Group which was previously highly leveraged has managed its debt very effectively and efficiently during last couple of years. We will focus more on further reduction of debt to reduce the financial charges says Company Chief Executive Officer Raheal Masud.
He added, “We, however, will continue to borrow short term loans as per our requirements to meet working capital needs. We would also like to focus more on sugarcane development in the vicinity of all our mills by introducing new varieties & working more on pest controls”
