-The Hindu Business Line
Worried that mounting sugarcane arrears may hit its electoral prospects in politically-important States of Uttar Pradesh and Maharashtra, the Centre on Thursday decided to hike minimum selling price (MSP) of sugar by Rs.2 per kg to Rs.31.
“We have increased the minimum selling price of sugar from ?29 per kg to ?31 per kg. This will help sugar mills to pay dues to cane farmers,” Food and Public distribution Minister Ram Vilas Paswan told a press conference here. Sugar mills owe around ?20,000 crore to sugarcane farmers till the end of January.
Please click here to read more.