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Sugaronline South Asia Sugar & Ethanol Report, Sugaronline Regional Reports

Sugaronline India Report – India’s never-ending cane price populism

By Prerna Sharma Singh

30th June 2023

Continued export curbs, no increase in minimum sale price and steadily rising raw material costs present major downside risks for the Indian sugar industry.

As expected, in a country wherein politics dominates economics, the Indian government has raised the fair and remunerative price (FRP) of sugarcane for the 2023/24 season to INR315 a quintal from INR305 a quintal in the current season. FRP is the minimum price that millers must pay to cane growers. Thus, higher FRP is expected

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