Abhinash Verma

In an interview to CNBC-TV18, ISMA head Abinash Verma says the prices of sugar have now moved up to around Rs 3000 per quintal. He expects the Uttar Pradesh to keep the sttae-advised price (SAP) for sugar at Rs 280 per quintal

Ethanol procurement price to aid ind revenue growth: ISMA

ISMA director general Abhinash Verma believes the sugar industry will see better realizations with the new price. The industry revenue will increase by nearly Rs 5,000 crore, he adds.

Experts disappointed after UP keeps sugar SAP unchanged

According to ISMA's Abhinash Verma, the move by the UP government is 100 percent disappointment. "Last year, there was no purchase tax and this is just Rs 2. It is peanuts and doesn‘t mean anything," he adds.

UP sugar crisis: Mills send closure notice to govt

The special advisory price that sugar mills pay to farmers has increased from Rs 165, just three years back to Rs 280, a 70 percent increase. On the other hand, sugar prices have been hiked by just 7-8 percent over the last three years.