The Indian government is discussing the possibility of increasing the minimum selling price (MSP) of sugar. The agency writes about this Reuters With reference to sources.
According to the agency, such a decision may be taken in response to the objection of representatives of the country’s sugar industry. Growers insist on the need to increase the MSP as the cost of purchasing sugarcane has increased significantly in recent years and the minimum price has remained unchanged since 2019.
“Keeping in mind the interests of both manufacturers and consumers, we are exploring various scenarios to increase the minimum selling price of sugar,” said Sanjeev Chopra, secretary, India’s food and public distribution department.
Industry officials say the hike in MSP will ensure timely payments to millions of sugarcane workers in the upcoming season, which begins on October 1.
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