Sugar mills demand hike in sugar MSP

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Pune: The millers in Maharashtra have asked for a rise of Rs 200 per quintal in the minimum selling price (MSP) of sugar and restructuring of soft loans given to the mills in the last few years.

Addressing a gathering at Vasantdada Sugar Institute, Pune, Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories said that they expect the rise in the ex-mill price of sugar in next few months.

During a meeting with Raosaheb Danve, the minister of state for food and civil supplies, Naiknavare said that federation had pointed out that the present MSP of Rs 3,100 per quintal did not take into consideration the finance cost or the depreciation cost.

“We have also asked the government to raise the MSP to Rs 3,300 per quintal to help mills to raise liquidity for their operations,” he further added.

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