Country's sugar industry in 'short margin', financial crisis due to MSP not increasing while FRP rates are increasing: B. B. Thombre - ChiniMandi

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Country's sugar industry in 'short margin', financial crisis due to MSP not increasing while FRP rates are increasing: B. B. Thombre - ChiniMandi

Pune: The fair and remunerative price (FRP) of sugarcane has increased from Rs 2,700 to Rs 3,400. The minimum selling price (MSP) of sugar has been Rs 3,100 for the last five years. Despite the demand to increase this, no positive decision has been taken. Due to this, the sugar industry is currently in a short margin (insufficient distance) and is in a huge financial crisis, informed West Indian Sugar Mills Association (Wisma) President B. B. Th…