India’s Sugar Export Policy is “Almost Criminal”
India is the world’s second largest producer of sugar, behind only Brazil. Its sugar industry is also a basket case. Let’s start with the fact that growing sugar requires huge amounts of water. Indeed, according to a column this week by Ajit Ranade in the Pune Mirror, sugar crops in Maharashtra take up “3 percent […]
India looking to give Subsidized Sugar away
India’s government heavily subsidizes its sugar industry, which is in crisis. With such sweet incentives from India’s government, Indian farmers continue to grow the crop far in excess of what can be consumed at home. And with an equally huge glut of sugar in the global marketplace, India can’t sell its excess without additional government […]