In Nippani, Annasaheb Jolle, the factory guide and president of the Belagavi District Central Cooperative Bank, announced that the Halasiddhanath Cooperative Sugar Factory will pay a cane rate of ₹4,270 per metric tonne for the 2026-27 crushing season. Speaking at a press conference held at the local Halasugar Sabha Bhavan, Jolle detailed the payment structure, stating that an initial installment of ₹3,770 per metric tonne will be paid to farmers. He further explained that if the sugar yield exceeds 11.50 percent by the end of the season, an additional ₹100 per tonne will be paid. Furthermore, based on the average selling price of the sugar produced during the 2026-27 season, extra amounts will be disbursed before the next crushing season begins: ₹200 per tonne if the price is ₹50 per kg, ₹400 per tonne if it is ₹55 per kg, and ₹600 per tonne if it reaches ₹60 per kg.
Jayakumar Khot, the president of the factory, stated that the announced cane rate is the highest in the state and is expected to be financially beneficial for the farmers. He urged all cane-producing farmers to supply the maximum quantity of cane grown in their fields to the Halasiddhanath Cooperative Sugar Factory rather than sending it elsewhere. Khot emphasized the need to collaborate to increase the factory’s crushing capacity while simultaneously promoting the economic development of farmers and the overall progress of the cooperative sugar factory.
The event was attended by former city council vice-president Sunil Patil, along with factory directors Jayavant Bhatle, Raju Gundesh, Suhas Guge, Rawsaheb Farale, Sudarshan Murabatte, and Balasaheb Kadam.
