File picture of Union Food and Consumer Affairs Minister Pralhad Joshi.
| Photo Credit: The Hindu
Food and Consumer Affairs Minister Pralhad Joshi on Monday (January 6, 2025) said the government will soon take a decision on increasing the minimum support price (MSP) of sugar.
The MSP of sugar remains unchanged at โน31 per kg, a rate established in February 2019. However, industry bodies have demanded for an increase due to rising production costs and economic pressures faced by sugar mills.
โThere is a demand. The department is seized of the matter. We will take a decision whether to increase or not shortly,โ Mr. Joshi told reporters on the sidelines of an event in New Delhi.
Indian Sugar and Bio-Energy Manufacturers Association (ISMA) and National Federation of Cooperative Sugar Factories (NFCSF) are pushing for an increase in the MSP to โน39.14 per kg or even โน42 per kg to better reflect production costs and support the financial health of sugar mills in India.
Published – January 06, 2025 10:22 pm IST
