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Experts fear inflation as Govt prepares to declare MSP for sugar
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Friday, 17 January, 2025, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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As the Government prepares to declare MSP for sugar, experts feel that it may lead to inflation.
Recently, Minister of Consumer Affairs has confirmed the proposal to increase the MSP (Minimum Support Price) for sugar which was last time fixed at Rs 31 per kg.
Although, the Minister has clarified that the decision shall be taken considering all factors, it is learnt that the sugar industry is demanding a hike in MSP of Rs 39 to Rs 42.
Sugar industry organisations have demanded an increase in MSP citing increased production cost and economic pressure on sugar mills.
While pressing for their case, the organisations stated that the price should better reflect the cost of production and support the financial position of sugar mills in India.
Meanwhile, Shankar Thakkar, national secretary, CAIT, has said that the government should make a reasonable increase in prices in view of the rising inflation so that the consumers could not be overburdened of inflation.
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