INSUBCONTINENT EXCLUSIVE:
Sugar mills cannot sell the sweetener below Rs 31 per kg, the government announced on Thursday, a move that will boost the liquidity of
cash-strapped millers and help clear mounting cane arrears of around Rs 20,000 crore
The centre has hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31, Food Minister Ram Vilas Paswan said
MSP is the rate below which the mills cannot sell sugar in the open market to wholesalers and bulk consumers like beverage and biscuit
"We have increased the minimum selling price of sugar from Rs 29 per kg to Rs 31 per kg
arrears to farmers, Mr Paswan said
mechanism will be put in place to ensure the benefit given to the industry is passed on to the sugarcane farmers
The decision comes following demands from the industry and representation made by NCP chief and former agriculture minister Sharad Pawar to
These include increase in import duty on sugar to 100 per cent, scrapping of export duty, creation of buffer stock, and subsidy for
As per the Indian Sugar Mills Association (ISMA), sugar production rose 8 per cent to 185 lakh tonnes in the first four months of this
marketing year ending September
The production, however, is estimated to decline to 307 lakh tonnes in 2018-19 marketing year (October-September) from record 325 lakh
tonnes in the previous year, it added.
