India: ISMA pushes for policy support to protect farmers, stabilize sugar market, and meet ethanol targets

Published 2024년 10월 29일

Tridge summary

The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) is urging the Indian government to implement policy changes to support the sugar industry amid rising production costs and a forecasted sugar surplus. ISMA is advocating for an increase in the Minimum Sale Price (MSP) of sugar to INR 39.14 per kg, up from the current INR 31 per kg, to ensure mills' financial viability and timely payments to farmers. They also call for higher ethanol procurement prices to meet the government's blending targets and propose a stable framework for sugar exports, including approval for 2 million tonnes of exports. These measures aim to stabilize the industry, support renewable energy initiatives, and enhance India's position in the global market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

NEW DELHI, 29 October 2024: The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) has issued an appeal to the government, urging timely policy interventions to support the sustainability of the sugar industry, as it confronts rising production costs, stagnant ethanol procurement prices, and a significant anticipated sugar surplus. The apex body of India's sugar and bio-energy industry has highlighted the need to promptly adjust the Minimum Sale Price (MSP) of sugar to INR 39.14 per kg for sugar season (SS) 2024-25, raise ethanol procurement prices, and establish a stable framework for sugar exports—key measures to stabilise the industry, enable timely farmer payments, and sustain growth in renewable energy initiatives through ethanol production. M Prabhakar Rao, President, ISMA, said, "We need urgent support from the Govt. to increase the MSP of sugar to reduce losses being faced by the industry. The increase of MSP will protect the minimum ex-factory price particularly ...

Source: Agricultural Times