Summary:
more-inThe cooperative sugar mill lobby has been petitioning everyone from Chief Minister Devendra Fadnavis to Prime Minister Narendra Modi for immediate withdrawal of export duty on sugar. The balance sheets of sugar mills have completely collapsed, as the mills have to sell sugar at ?6 to ?7 less than production cost. Together with the leftover 40 lakh tonne from before, the total unused stock of sugar is likely to be around 75 lakh tonne. This season, nearly 290 lakh tonne sugar has been produced in the country. The annual consumption in the country is about 255 lakh tonne..