date:Mar 04, 2019
her hand, the Indian government has brought in a Minimum Selling Price regime for sugar, which has prevented market forces bringing down the prices of the sweetener. Earlier this year the government increased the minimum selling price for sugar to Rs 31 per kg from Rs 29 ostensibly to ensure that the sugar mills do not go into losses. However, with not enough demand for the stocks already in their possession, sugar mills are looking at a number of methods to curtail production.
Sugar mills are