The new season is just around the corner but the pressure is building from all sides with no release valve in sight.
Over the years, India’s federal and state governments have been steadily raising cane prices through the mechanism of fair and remunerative prices (FRP) and state advised prices (SAP), often with no connection to sugar prices. That is the major factor behind continued financial distress of the milling sector and piled-up cane payment arrears owed to
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