REPORTS

Chinimandi - The Indian government is contemplating a significant increase in the Minimum Support Price (MSP) for sugar from ₹29.92/kg to ₹38.00/kg, a 27% rise. This potential policy change could impact sugar producers, the ethanol industry, and market dynamics. The move aims to provide a safety net for sugar producers and may lead to increased ethanol production. However, it could also affect consumer prices and have budgetary implications for the government. The sugar industry is likely to welcome this proposal, though the final decision and implementation timeline are yet to be determined.