Government Might Take Beneficial Steps, Sugar Prices Jumped Another Rs.100/Qntl High

The market scenario has been positive in spite of the crisis in the sugar industry. A cabinet’s meeting has been scheduled on 6th June, 2018 in which the following points might be approved.

-Export Subsidy from the State Government
-MSP of Rs.3000-3200 per quintal
-Buffer Stock of 30 Lac Mt
-Subsidy on modernization of sugar plants

Considering that the above proposed points will be discussed the millers are hopeful that the sugar industry would gain some sweetness, Millers of Southern Maharashtra have opened today’s market with a rate of Rs.2800 + GST whereas UP millers have initiated a rate of Rs.3000 + GST

LEAVE A REPLY

Please enter your comment!
Please enter your name here