Indian government plans to decide on increasing sugar MSP within days, possibly to Rs 42 per kg.
Indian government plans to decide on increasing sugar MSP within days, as per Union Food Secretary Sanjeev Chopra. Sugar MSP at Rs 31 per kg since 2019 despite annual FRP hikes. Industry bodies urge raising MSP to Rs 42 per kg. For 2023-24 season, sugar production at 32 million tonne, sufficient for domestic demand. Agriculture ministry conducting research on evaluating water requirements for ethanol production from various feedstocks.
July 27, 2024
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