The Indian sugar industry wants to raise ethanol purchase prices and establish long-term policies for sugar import, export, and ethanol production

Gold Ten Futures, July 15, according to foreign media reports, the Indian sugar industry is advocating for raising the purchase price of ethanol and formulating longer-term policies for the import and export of sugar and ethanol production. The Cabinet Committee on Economic Affairs has set the Fair and Paid Price (FRP) paid by sugar mills to sugarcane farmers in the 2024-25 crushing season at Rs 340 per quintille, which is almost 8% higher than the FRP in the previous crushing season. The latest FRP came into effect from October 1. Centrum Broking said in a recent research report that the minimum support price (MSP) for sugar initially set by the government in 2018 was Rs 29 per kilogram, and it was raised to Rs 31 per kilogram in 2019. The price should also be raised again.