Accumulating unsold inventories and an improved production outlook are prompting Indian sugar mills to lobby for the reopening of exports.
The easing of feedstock restrictions for ethanol production has brought relief to the Indian sugar industry, which has been struggling to deal with multiple headwinds, in particular, steadily rising input costs along with direct and indirect price controls that have led to an erosion of millers’ profit margins. However, the government has been dilly-dallying when
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