Cane price populism is the major downside risk for the Indian sugar industry, leading to erosion of profit margins for millers.
In a country where the interplay between politics and economics often dictates policy decisions, the Indian government is currently contemplating a proposal to increase the Fair and Remunerative Price (FRP) of sugarcane by 8% to INR340 a quintal for a recovery rate of 10.25%. This hike will apply to cane supplied to the milling sector
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