The move by Punjab CM Bhagwant Mann to increase the price of sugarcane will cost the state an additional Rs 200 crore a year.

Punjab's Chief Minister Bhagwant Mann announced on Monday, October 3, that the price of sugarcane would increase to Rs 380 per quintal from the current Rs 360 per quintal in an effort to bring the much-needed assistance to the province's sugarcane farmers.

The Punjab Chief Minister announced that the farmers will receive an additional Rs 20 per quintal under the State Agreed Price (SAP) of sugarcane as compared to last year i....