date:May 25, 2016
Barely a year after ordering sugar mills to compulsorily export from a mountain of stockpiles, India is struggling to cope with spiraling prices and a potential shortage.
After the strongest El Nino in two decades shriveled crops, Indias production is set to decline for a second year to the smallest in seven years. Thats alarmed the federal government, with Food Minister Ram Vilas Paswan last week saying the import duty may be lowered and exports scrapped to prevent any further jump in prices.