India’s half-hearted measures to tackle its sugar mess

India’s Cabinet Committee on Economic Affairs (CECA) approved a two-pronged strategy to help the cane growers and sugar milling sector that includes retention of fair and remunerative price (FRP) of cane at INR275 a quintal for the 2019/20 marketing year and creation of a buffer stock of 4 million tonnes of sugar. This, however, doesn’t