Govt to soon take decision on increasing sugar MSP: Food Minister

 NEW DELHI: Food and Consumer Affairs Minister Pralhad Joshi on Monday said the government will soon take a decision on increasing the minimum support price (MSP) of sugar.

The MSP of sugar remains unchanged at Rs 31 per kg, a rate established in February 2019. However, industry bodies have demanded for an increase due to rising production costs and economic pressures faced by sugar mills.

“There is a demand. The department is seized of the matter. We will take a decision whether to increase or not shortly,” Joshi told reporters on the sidelines of an event here.