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MSP Stable, FRP Increases: Sugar Industry Finds Itself in a Major Financial Crisis Due to Halt in Exports
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Kolhapur: The Commerce Ministry on Wednesday issued a notification that sugar cannot be exported till September 30. The Centre had allowed 1.5 million tonnes of exports. However, the Central Government banned sugar exports on Thursday, fearing that the rainfall is expected to decrease due to the effect of 'El Nino', which will affect sugarcane production. The Central Government has not increased the Minimum Selling Price (MSP) of sugar since 201…
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