India’s sugar industry, which has over the years dreaded over-production, has finally been able to achieve back-to-back bumper productions without significant government help.
In an interview with The Indian Express, Atul Chaturvedi, executive chairman of Shree Renuka Sugars Limited, said the industry had at last been able to tackle its problems thanks to ethanol and exports.
A: The decision to limit exports was based on abundant caution. We saw how in the case of wheat, a low crop led to a price rise. In the case of sugar, there is no such problem. When the decision was taken, there was no clarity about the sugar production of the season.
