Coop sugar factories urge PM Narendra Modi to revise minimum sale price

The MSP of sugar was last revised a few years back

As sugarcane crushing draws to a close in most parts of the country, cooperative sugar factories — a sizable number of whom are in Maharashtra — have written to Prime Minister Narendra Modi seeking to increase the minimum sale price (MSP) of sugar to improve their cash flows that would make clearing sugarcane dues to growers convenient.

The cooperative factories want the MSP to be raised from the existing Rs 31 per kilogram to at least Rs 37.20-39.70 in line with the past increases in fair and remunerative price (FRP) of sugarcane.

The MSP of sugar was last revised a