Sugar MSP rises to Rs 31 per kg, set to sweeten margins
Updated: February 26, 2019 05:51 PM IST
Increase in minimum support price could improve the operating margin parameter of several sugar mill companies in sugar season, a Crisil report said. “Raw material cost as a proportion of sugar sales increased to about 90% in the current season following an uptick in the Fair and Remunerative Price of sugarcane, and subdued sugar prices owing to oversupply both locally and globally,” the report added.
