Sugar Industry Demands MSP Hike, Ethanol Price Revision Amidst Surplus Crisis

• ISMA urges government to revise sugar MSP and ethanol procurement prices due to surplus stock and falling ex-mill prices.
• Sugar production estimated at 34 million tons, exceeding domestic consumption and reduced ethanol diversion.
• Ex-mill prices in Maharashtra have dropped below the Rs 41/kg cost of production, impacting mills and farmers.
• Ethanol procurement prices haven't been revised in three years, despite a 16-17% increase in FRP.
• ISMA suggests diverting more sugar to ethanol and improving export parity to manage surplus.

Why It Matters: Indian sugar industry seeks urgent government intervention to tackle surplus stock and ensure viability.