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.
Source: indiatimes.com