What looked like the light at the end of the tunnel for the Indian sugar industry turned out to be an inbound train.
Of late, except maybe for a new business vertical in sanitisers, nothing seems to have been working for the Indian sugar industry. Troubled by supply glut, depressed prices amid sluggish overall demand, hope is turning into despair while positives are fast turning into negatives. Lower output in the country’s flood-affected western region comprising of Maharashtra
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