Continuous surplus stocks, rise in Fair and Remunerative Price (FRP), sharp decline in market prices, lack of Minimum Support Prices (MSP) and absence of long-term policy for exports and imports, are major areas, affecting the growth of Indian sugar industry.
By Sai Nikesh D
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.
This was published in The Dollar Business on June 26, 2015