Indian mills seek higher ethanol and sugar MSP

Indian mills are asking for higher ethanol and sugar minimum selling prices to reduce cost pressure as European FCA spot prices rise slightly. Industry stakeholders say buyers are paying more for reliable nearby supply due to Indian policy uncertainty.

Farmers and industry representatives want higher cane prices and sugar MSP to cover rising costs and ensure timely payments. The government has ordered a halt to ethanol procurement from certain sources, adding pressure on mills to seek better ethanol pricing and higher sugar prices.