Msp Of Sugar
India sugar prices hit 18-month low, mills struggle to make cane payments
The fall in prices is prompting industry to demand immediate revision in minimum selling price (MSP) to limit losses, which will improve mills' margins and allow them to make timely cane payments
 "India sugar prices hit 18-month low, mills struggle to make cane payments")
Govt likely to decide on increasing sugar MSP in coming days: Food secy
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,
 "Govt likely to decide on increasing sugar MSP in coming days: Food secy")
Sugar stocks zoom up to 14% after official says govt considering price hike
According to reports, a senior Government official stated that the revision is likely to apply to the next sugar season and not the ongoing one
 "Sugar stocks zoom up to 14% after official says govt considering price hike")
Another dose of incentives for sugar mills on cards: MSP hike of Rs 4-5/kg
Move seen helping clear excess sugar stocks, encouraging exports; loan restructuring package for co-ops also under consideration
 "Another dose of incentives for sugar mills on cards: MSP hike of Rs 4-5/kg")
