In the coming times You may have to spend more money to get the sweetness of sugar. In fact, the National Cooperative Sugar Factories Federation (NFCSF) urged the government to increase the minimum selling price of sugar to at least Rs 42 per kg, to help the mills continue operations amid rising production costs. At the same time, news reports have revealed that the government is considering increasing the minimum selling price (MSP) of sugar for the upcoming season of 2024-25 starting from October 1. If the government increases the MSP of sugar by demanding the demand of NFCSF, then its effect will be seen in the retail market. The price of sugar per kg may increase. That is, you will have to pay more money to buy sugar. Experts say that the price of sugar may increase by Rs 3 to 4 per kg.
There has been no change in price since 2019
The minimum selling price has been kept unchanged at Rs 31 per kg since 2019, while the government has increased the fair and remunerative price (FRP) given to sugarcane growers every year. NFCSF President Harshvardhan Patil said in a statement that the federation has submitted data to food ministry officials showing a steady increase in the cost of sugar production, making it necessary to align the minimum selling price with the FRP of sugarcane. “If the minimum selling price of sugar is increased to Rs 42 per kg, the sugar industry can become profitable,” Patil said.
Included in the 100-day agenda of the government
He hoped that this move would be part of the government’s 100-day agenda. He said NFCSF and National Cooperative Development Corporation are jointly working on a plan to provide sugarcane harvesting machines to cooperative mills based on their crushing capacity from the upcoming season starting from October 2024. These concerns were also discussed in a joint meeting with officials of the Union Food and Cooperative Ministries in Pune recently, the statement said.
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