New Delhi, Dec. 18 -- The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) gathered on Thursday for its Annual General Meeting (AGM). According to a press release from ISMA, the organisation promised to work closely with the Government of India and other partners. Their main goal is to strengthen the sugar and bioenergy business and position it for the long term.

A major issue discussed was sugar pricing. ISMA noted that sugar prices have declined recently. The current price is below the cost of producing sugar. As a result, the association said it is critical to raise the Minimum Selling Price (MSP) quickly. A higher price will help sugar mills remain financially stable. It will also ensure that farmers are paid on time and do...