Sugaronline India Report – There is no end to cane price populism in India
29th January 2024
Cane price populism is the major downside risk for the Indian sugar industry, leading to erosion of profit margins for millers.
In a country where the interplay between politics and economics often dictates policy decisions, the Indian government is currently contemplating a proposal to increase the Fair and Remunerative Price (FRP) of sugarcane by 8% to INR340 a quintal for a recovery rate of 10.25%. This hike will apply to cane supplied to the milling sector
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