date:Aug 18, 2014
Known for their penchant for anything sweet, Indians consume around 22-23 million tonnes of sugar annually. Sugar stocks were at 9.3 million tonnes when the current season began on October 1, 2013. Mills are bleeding because of strong output in the past four years, lower sugar prices and higher cane prices, Verma said.
Now, we do not have resources to start crushing, he said. A number of mills, including Balrampur Chini Mills Ltd, Simbhaoli Sugar Ltd and Dhampur Sugar Mills Ltd have informed t