ISMA again writes to PMO urging it to increase minimum sale price of sugar

Says though FRP has been raised several times the past few years, MSP has not been hiked the past 30 months

The Indian Sugar Mills Association (ISMA) has once again written to the Prime Minister’s Office (PMO) to increase the Minimum Sale Price (MSP) of sugar from the current Rs 31 per kg to atleast Rs 34-35 per kg in line with the recent increase in Fair and Remunerative Price (FRP) sugarcane to Rs 290 per quintal.

ISMA said that it is not correct to say that higher realization from ethanol or other sources can compensate for lower realisation from sugar because even now 80 per cent of the total revenue of a sugar mill comes from sugar.

It said though