Urge to fix minimum selling price of sugar at Rs. 4200 per quintal

15-Jun-2024 12:23 PM

Mumbai. The National Federation of Cooperative Sugar Factories, the leading organization of cooperative sugar mills, has urged the Central Government to increase the ex-factory minimum selling price (MSP) of sugar by 35 percent to Rs 42 per kg (Rs 4200 per quintal).

The practice of MSP started from the year 2018 and it was last increased from Rs 2900 per quintal to Rs 3100 per quintal in February 2019. There has been no change in it since then,

while in the meantime the fair and remunerative price (FRP) of sugarcane kept increasing every year. It is a different matter that the price of sugar is running much higher than this MSP. The ex-mill price of sugar in Maharashtra is Rs 3600 per quintal and the retail market price is Rs 4200/4400 per quintal.

In a release issued by the Federation, it has been said that in view of the increase in the FRP of sugarcane every year, the government has been requested to increase the ex-factory minimum selling price of sugar to Rs 4200 per quintal.

The Federation in this regard It has already submitted its proposal to the government. In this regard, an important meeting was also held in Pune the previous day to discuss various issues of the sugar industry.

According to the President of the Federation, in collaboration with ISMA, information on cost expenses and other information has been collected in all the sugar mills of the country and it has been sent to the concerned ministries / departments of the Central Government on June 3, 2024.