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Sugaronline India Report

Why raising floor price isn’t enough to save India’s ailing sugar industry

By Prerna Sharma Singh

21st February 2019

Minimum selling prices aren’t going to get India out of its self-made crisis, either.

New Delhi has raised the minimum selling price (MSP) of sugar to INR31/kg from INR29/kg to help mills improve their liquidity situation and clear off cane arrears, which stood at INR201.67 billion as of February 13. India’s Food Minister Ram Vilas Paswan, while announcing the floor price hike, said that ”a mechanism would be put

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