New season supplies, rising raw material costs, stagnant regulated prices of ethanol and sugar, and ongoing export restrictions have dampened the sugar industry’s financial prospects. Adding to the strain, the sector now faces a new tax concern.
As highlighted in our previous report, a majority of Indian sugar mills have reported a contraction in sales and profit margins during the second quarter of the current financial year, primarily due to an accumulation of unsold sugar stocks stemming from rigid monthly sales quotas and a de facto ban on exports. As the cane
You need to be signed in with our Sugar Exec plan or above to view this content.