sweetness of sugar It will be expensive! Yes, you heard it right. In the coming days, the burden on your pocket may increase due to buying sugar. Actually, the government may soon take a decision on increasing the minimum selling price of sugar. Food and Consumer Affairs Minister Pralhad Joshi said on Monday that the government will soon take a decision on increasing the minimum selling price (MSP) of sugar. The MSP of sugar remains unchanged at Rs 31 per kg. This rate was set in February, 2019. If the minimum selling price of sugar is increased then the price of sugar will increase in the market. This will have a direct impact on consumers.
Demand for relief to sugar industry
The sugar industry has been demanding to increase the price of sugar for a long time. The sugar industry says that it is necessary to increase the price due to rising production costs and economic pressure faced by sugar mills. Now there has been a reaction from the government on this. Joshi told reporters on the sidelines of an event here, there is a demand to increase the minimum price of sugar. The department is aware of this matter. We will soon decide whether to increase it or not. The Indian Sugar and Bio-energy Manufacturers Association (ISMA) and the National Cooperative Sugar Factories Federation (NFCSF) are pushing to increase the minimum selling price (MSP) to Rs 39.4 per kg or even Rs 42 per kg. He says this move will help in reflecting better production costs and support the financial health of sugar mills in India.
Sugar production decreased by 16 percent
Sugar production declined by 16 percent to 95.40 lakh tonnes in the first quarter of the current marketing year, which began in October, mainly due to decline in production from Maharashtra. This information has been given in the data of industry body ISMA. In the same period a year ago, sugar mills had produced 113.01 lakh tonnes of sugar. The production figures do not include the transfer of sugar to make ethanol. According to the Indian Sugar and Bio-energy Manufacturers Association (ISMA), crushing rates in Uttar Pradesh, Maharashtra and Karnataka were better than last year. However, crushing rates in Uttar Pradesh were affected during the last week of December, 2024 due to temporary disruption in sugarcane supply due to rain. There were 493 mills in operation during the first quarter, compared to 512 a year ago. There is a possibility of price increase due to decrease in sugar production.
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