sugar prices may rise as govt considers increasing msp consumers likely to be affected

Sugar Prices May Rise As Govt Considers Increasing Msp, Consumers Likely To Be Affected

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In a significant move that could impact household budgets, the Indian government is contemplating an increase in the minimum selling price (MSP) of sugar. Food and Consumer Affairs Minister Piyush Goyal announced on Monday that the government would soon make a decision regarding the potential hike in the MSP, which has remained unchanged at Rs 31 per kilogram since February 2019. If the MSP is raised, it is expected to lead to an increase in sugar prices in the market, directly affecting consum