India is considering raising domestic prices of ethanol and sugar, the food minister said on Thursday, as the country seeks to boost local supplies. Reuters reported this month that India, the world's biggest sugar producer after Brazil,

The minister also said that a committee of secretaries is currently discussing a proposal to raise the minimum selling price of sugar, which has been fixed at Rs 31 per kg since February 2019

The government is contemplating an increase in ethanol prices, raising the minimum selling price (MSP) of sugar, and reviewing sugar exports for the 2024-25 season. Food Minister Pralhad Joshi announced that discussions with the petroleum ministry are ongoing,

Union Food Minister Pralhad Joshi announces potential ethanol price increase and sugar minimum selling price adjustment for 2024-25.

India’s sugarcane cultivation area has increased by 18 per cent to 6 million hectares in the last decade, with production up 40 per cent to 491 million tonne,

The Indian government is considering increasing the ethanol price and the minimum selling price of sugar for the 2024-25 season, according to Food Minister Pralhad Joshi. The petroleum ministry is currently examining the proposal.

Ethanol prices, set by the government, have not been raised since the 2022-23 ethanol supply year (November-October).

Thursday closed down -0.11 (-0.47%), and December London ICE white sugar #5 (SWZ24) closed down -3.20 (-0.54%). Sugar prices Thursday gave up an early advance and posted moderate losses after the Indian Sugar and Bio-energy Manufacturers Association (ISM) said India will have 2 MMT of sugar to export next season

The government is considering increasing the ethanol price for 2024-25 season as well as minimum selling price of sugar, Food Minister Pralhad Joshi said on Thursday. Joshi said the proposal on hiking the ethanol price is under consideration of the government.