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 ₹31 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.
“There is a demand. The department is seized of the matter. We will take a decision whether to increase or not shortly,” 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 ₹39.14 per kg or even ₹42 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
#Decision #increasing #sugar #MSP #Food #Minister #Pralhad #Joshi
sugar msp in india,increasing sugar msp,pralhad joshi
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
