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Government increases MSP for sugar to Rs 31 per kg
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SME Times News Bureau | 16 Feb, 2019
Union Food and Civil Supplies Minister Ram Vilas Paswan on Thursday said
Minimum Selling Price (MSP) of sugar has been increased by Rs 2 to Rs
31 per kg in order to help millers clear pending dues of farmers that
now amount to Rs 20,167 crore.
"There have been demands from the
millers to hike the MSP as they said their profits were reduced. We
expect that the decision to increase the MSP will help them to recover
losses and they will clear the (sugar) cane arrears," he told reporters
here.
According to the Food Ministry, total arrears to sugarcane
farmers, as on February 13, had increased to Rs 20, 167 crore including
Rs 7,229 crore in Uttar Pradesh, Rs 4,792 crore in Maharashtra and Rs
3,990 crore in Karnataka.
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