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Massive Subsidies Encourage India’s Sugar Over Production
date:Feb 27, 2019
r industry involves more than 50 million (mostly cane growers), which form a large voting bloc that the government does not want to upset, especially with elections coming in May.

Indias large stocks built up when sugar production shot from 20 million tonnes in 2017-18 (when carryover stocks were adequate to meet demand) to an expected 34 million tonnes forecast for the current year, Mr. Fessler said. He forecast 2019-20 production at around 30 million tonnes, depending on weather and politics,

12/23 12:35