MSP For Sugar

Delays in the crushing season, which is impacting key states like Maharashtra and Karnataka, are contributing to the drop in sugar prices, says ISMA president

Says Centre considering demands of sugar sector

The government is likely to take a decision on increasing the minimum selling price (MSP) of sugar within the next few days, Union Food Secretary Sanjeev Chopra said on Saturday. Speaking on the sidelines of a conference organised by All India Sugar Trade Association (AISTA), Chopra said, "We are discussing the MSP (proposal). In the coming days, we will hopefully take a call." MSP of sugar has remained unchanged at Rs 31 per kg since 2019, despite annual hikes in the fair and remunerative price (FRP) paid to sugarcane farmers. Industry bodies, including National Federation of Cooperative Sugar Factories (NFCSF), have urged the government to raise the MSP to at least Rs 42 per kg to help mills sustain operations amid rising production costs. Chopra noted that sugar production for the 2024-25 season (October-September) looks promising, with the area sown to sugarcane increasing to 58 lakh hectare so far from 57 lakh hectare during the same period last year. For the 2023-24 season,

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

The matter will be heard next on March 23

GoM recommends hiking MSP to Rs 33 a kg to clear farmers' dues

A task force constituted by Niti Aayog on sugarcane and sugar industry has recommended a one-time increase of Rs 2 per kg

Sugar mills face cash crunch as they have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar