Maharashtra cooperative mills sell sugar below minimum selling price

Sugar mills are currently going through a massive slowdown in pick up from the bulk consumers

Dozens of cooperative sugar mills in Maharashtra are selling sugar below the minimum selling price (MSP) to beat slowdown in pick up, and improve their cash flow to pay cane arrears to farmers.

While these mills are making invoices at the MSP, they are offering cash incentives to purchasers to bypass the regulatory eyesight. Under the law, selling sugar below the MSP is an offence. Hence, the mills are not leaving any room for the government to nab them in this malpractice.

“We have also heard that mills are selling sugar at below the MSP. This is a bad practice. Some cash