News International Sugar Journal

India – Sugar millers face losses amidst high cane prices [Registered]

High price millers have to pay for cane in India is significantly impacting on their profitability, reports Economic Times, as production costs are above ex-mill sugar prices. With 2012/13 campaign about to commence, sugar millers in Uttar Pradesh (UP, the second biggest sugar producing state) are expecting the government to strike a balance between mills and farmers, but in the top sugar producing state Maharashtra, a bidding war is likely to break out among the mills for cane, which is in short supply. Having posted losses and closed their balance sheets in the red last fiscal year, sugar millers in…

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