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Sugar prices command 3-6% premium over MSP on hopes of hike in floor price

GoM recommends hiking MSP to Rs 33 a kg to clear farmers' dues

Topics
MSP for sugar | sugar production | Sugar price

Virendra Singh Rawat  |  Lucknow 



sugar
The sugar industry has estimated consumption to fall by almost half a million tonnes (MT) in the current season owing to the long spell of lockdown

Amid the anticipation of a hike in the minimum selling price (MSP) to Rs 33 a kg, the market price of sugar is holding firm and commanding a premium of 3-6 per cent over the prevailing MSP of Rs 31 a kg.

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First Published: Wed, July 15 2020. 19:06 IST

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