The continued cane price populism and the government’s going slow on raising minimum support price and hiking export quota for sugar are major downside risks for the Indian sugar industry.
The Indian state of Punjab has decided to increase the state advised price (SAP) of sugarcane from INR360 a quintal to INR380 a quintal. This decision follows a 14% increase in the controlled cane price by the previous Congress Party-led government in August 2021. It makes no sense for the government to indulge in cane
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