Sugaronline India Report – India’s sugar levy back to haunt its milling sector By Prerna Sharma Singh
10th September 2018
Economist Ritesh Kumar Singh’s exclusive report looks at the latest activity in the Indian sugar & ethanol industries.
Amid a global supply glut, depressed prices and cane payment arrears, India’s sugar mills have a new worry. New Delhi has asked them to pay for their past failures in meeting levy quota obligations in an unexpected move that comes five years after it was abolished in 2013 on the recommendation of Rangarajan Committee. Under
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