Sugar Industry – FRP, SAP, Rangarajan Committee, EBP, MIEQ, etc.

Mandatory exports likely



 

  1. In a bid to tackle the problem of low domestic sugar prices, Govt. may make it mandatory for the sugar mills to export the surplus.
  2. The global market is flooded with sugar supplies and the prices are at a 6 year low, but the move is expected to bring respite to the sugar mills in terms of higher domestic prices.
  3. The mandatory export will come into play only when production is more than domestic demand.
  4. India is the largest consumer of sugar and the biggest producer after Brazil.

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