You are here: Home » Economy & Policy » News
Business Standard

Hike MSP of sugar, make 7 mn tonnes sugar exports mandatory: ISMA to govt

India will start the new season next month with carry forward stocks of between 10 million and 10.5 million tonnes

Reuters  |  New Delhi 

Sugar
Sugar

The government should make it compulsory for mills to export at least 7 million tonnes of in the 2018/19 marketing year as the country is set to harvest a record crop in the season, the head of a leading trade body said on Wednesday.

“We have requested the government to make exports mandatory,” said Abinash Verma, director general of the Mills Association (ISMA) said.

The country will start the new season next month with carry forward stocks of between 10 million and 10.5 million tonnes, Verma said. The should be raised to Rs 3,600 ($50.17) per 100 kg from exiting Rs 2,900, he said.

First Published: Wed, September 05 2018. 19:17 IST
RECOMMENDED FOR YOU