India's sugar squeeze threatens its biggest season for sweets
Domestic sugar prices have jumped nearly 40%, forcing India to import 1 million tonnes of the sweetener.
The News Flicker
Domestic sugar prices have jumped nearly 40%, forcing India to import 1 million tonnes of the sweetener.
Some commentators have also blamed the diversion of sugarcane to ethanol production for the shortage in a deficit year. Even earlier, sugar mills would set aside around 10% of their output for this, …
Originally published by BBC News. Read the full article →
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