The increase in FRP is for next year. By next year Govt will increase MSP and anyway market prices will be higher due to expected reduction in sugar production next year. Sugar companies should not be impacted.
Further, FRP increase is going to increase costs for mills in Maharashtra and Karnataka only as they purchase as per FRP. Other states have SAP which is already higher then FRP.
Sugar companies will benefit from grain based ethanol as Govt is ensuring supply of maize at low cost for ethanol production.
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