date:Feb 27, 2019
Continued over production of sugar cane in India due to massive government subsidies has contributed to a global oversupply of sugar and will continue to be a key supply driver, traders and analysts said Feb. 25 at the International Sweetener Colloquium.
Subsidies in India totaling more than an estimated $8 billion have incentivized cane growers to produce well beyond domestic demand, said Ben Fessler, market analyst, international trade and development, at C. Czarnikow Sugar, Inc.
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