Sugar News in English

Demand for higher sugar MSP: Understanding the call for change

Source The Hindu Business Line.

Posted on April 13, 2024

In recent discussions, leaders in the sugar industry have been pushing for an increase in the Minimum Selling Price (MSP) for sugar, proposing a significant jump from the current rate of ₹31 per kg to ₹45 per kg. This demand stems from the industry’s assertion that the current MSP fails to cover all the expenses involved in producing and transporting sugar, leaving little room for profitability.

Source Link: https://www.thehindubusinessline.com/economy/agri-business/demand-for-higher-sugar-msp-understanding-the-call-for-change/article68057453.ece