ARTICLE 4 #IndiaEconomy

The National Federation of Cooperative Sugar Factories (NFCSF) has reported that 325 sugar mills across India have commenced crushing operations for the ongoing sugar season.

The Food Ministry is evaluating a proposal to raise the Minimum Selling Price (MSP) of sugar, according to Food Minister Pralhad Joshi.

Sugar prices saw a slight uptick on Monday as market sentiment strengthened amid reports that the Indian government may soon raise ethanol procurement prices. Traders noted that even a modest increase in ethanol prices could encourage sugar mills to divert more cane juice and molasses toward ethanol production, potentially tightening sugar supply in the market.