The government won’t subsidise sugar exports, but a weaker Rupee is achieving the same thing.
The expectation of a record output and monetary tightening by most central banks, including the Reserve Bank of India (RBI) which recently raised interest rates by 40 basis points, is making commodity market investors nervous. No wonder the share prices of major Indian sugar processors such as Balrampur Chini, Shri Renuka Sugar and Dhampur have
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