look news india
New Delhi: The government is considering increasing the minimum selling price (MSP) of sugar to provide relief to sugar mills struggling with rising production costs. The National Cooperative Sugar Factories Federation is demanding the government to increase the minimum selling price of sugar to Rs 42 per kg. So that the mills can continue operations amid rising production costs.
The National Cooperative Sugar Factories Association said that if the central government does not take immediate decisions, problems like low profit, working capital debt may re-emerge in the sugar industry. The government has increased the sugarcane exchange and compensation price three times, but there has been no increase in the MSP of sugar.
All the state associations have been demanding this for five years, but the government has not considered it positively. He claimed that such policies are creating problems for the sugar industry. We are only demanding the production cost of sugar. 'We take at least Rs. 41 per kg.
The price of sugarcane has increased, transportation cost has increased and labour charges have also increased, but sugar prices have remained unchanged, the sugar industry is expecting that the government will revise the sugar MSP and implement it along with the increase in sugarcane FRP.