The ongoing war in Ukraine is keeping oil and sugar prices high, ensuring Indian sugar mills reap up the economic benefits.
As of now, almost everything is going well for the Indian sugar industry. No end is in sight to the lingering Russia-Ukraine war, and that in turn is keeping global crude oil prices above US$100 a barrel. Many expect it to cross US$200 a barrel. If that really happens, it will support India’s sugar millers
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