Introducing 5 million tonnes of buffer stocks may help mills in the short term, but it’s the cycle that still needs to be broken.
Amidst sugar gluts in both the domestic and global markets that are keeping Indian sugar prices depressed for quite some time, New Delhi is contemplating the creation of a 5 million tonne buffer stock for 2019/20 (July-June), extending the current 3 million tonne buffer stock that expires on June 30. To this end, the Indian
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