Maharashtra floods: Loss estimated at Rs 5-10,000 crore
By Dna 09-Aug-2019
Sources at the Federation of Cooperative Sugar Factories in Maharashtra informed that 2.50 lakh hectare is under sugarcane cultivation in Sangli and Kolhapur districts. There are more than 45 sugar factories and they can crush 216.15 lakh tonnes of sugarcane. ''However, the preliminary assessment shows that almost entire standing crop in flood-hit areas is heavily damaged. There will be less sugarcane availability in the coming season. Besides, the majority of the factories have already paid an advance of Rs 5 lakh each to the sugarcane cutting labourers from the Marathwada region. They will lose the money,'' sources added. Western Maharashtra is facing the worst flood since 2005. Over 2 lakh displaced and 27 lost lives in 5 districts so far. Sangli and Kolhapur are worst hit.
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