New Delhi, Oct. 29 -- The upcoming Union budget for the financial year 205-26 (April-March) should revise the sugar MSP and restore ethanol allocations to avoid surplus sugar and payment delays, Niraj Shirgaokar, Vice President of industry body Indian Sugar and Bio-Energy Manufacturers Association (ISMA) told ANI on Wednesday.

He also urged balanced policies to ensure mill viability and safeguard farmers amid rising cane costs and reduced ethanol quotas.

"The upcoming budget is crucial for the sugar sector," he said in an exclusive interview on the sidelines of a press meet by the industry body.

"It should focus on revising the MSP of sugar and restoring ethanol allocations to ensure mills remain viable and farmers continue to receive ...