Nothing sweet about governments support to sugar industry
Sai Nikesh | The Dollar Business Amidst surplus stocks, Indian sugar farmers started gearing up for the next season and Indian sugar industry is likely to witness further rise in exports in the coming season. Shipments are expected to reach 2 million Metric Tonnes (MT) during the 12 month-period starting from October 1 and the government has subsidised exports, keeping in view, the continuous decline in sugar prices since 2009. "However, this is not enough to meet real requirements of the domestic industry, which has been facing lot of issues due to piled-up stocks," says Sanjeev Babar, MD, Maharashtra State Co-Operative Sugar Factories Federation Ltd. Speaking to The Dollar Business, Sanjeev Babar raised various issues concerning domestic sugar industry, highlighting a ...
