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sugar mills: Increase in FRP to moderate profitability of sugar mills from Maharashtra, Karnataka, says ICRA

The central government s nearly 7.7% increase in the fair and remunerative price (FRP) of sugarcane is anticipated to impact the profitability of sugar mills negatively, according to credit rating agency ICRA. However, the sugar industry expects the hike in sugarcane prices to enhance competitiveness against crops like maize and rice. ....

Girishkumar Kadam , Indian Sugar Mills Association , Commission Of Agricultural , Group Head , Costs Prices , Senior Vice President , Sugar Year , Sugar Mills ,