A virtuous combination of a possible record-breaking harvest, high global prices and reduced exports from its competitors means that, despite the ending of export subsidies, the Indian sugar industry is booming.
Good times can approach quite unexpectedly. It’s ironic that only a couple of quarters back, Indian sugar millers were struggling to deal with their unsold inventories while the country’s policymakers were trying to keep the export subsidy bills low. The news of Indian sugar entering the global market used to depress global sugar prices and
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