With so much of their sales revenue earmarked for cane arrears what future is there for India’s beleaguered milling sector?
In a not so ‘difficult to understand’ move, the government of the Indian state of Uttar Pradesh has asked the state’s milling sector to clear cane arrears from the revenue generated by sale of sugar and sugar by-products. At present, as much as INR130 billion is owed by 92 mills in the state’s private sector,
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