- 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.
- 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.
- The mandatory export will come into play only when production is more than domestic demand.
- India is the largest consumer of sugar and the biggest producer after Brazil.
Posted on | The Hindu