By Chuck Muth, President, Citizen Outreach
Writing for Business World, Urvi Shrivastav notes how tough it is to kick the government subsidy addiction once hooked.
India, the largest global sugar consumer and second-largest sugar producer, is sitting on a glut of sugar and payments from mills to farmers have been delayed.
“This is because, sugar mill owners have been saying, excess sugar production, along with decline in consumption, has depressed domestic sugar prices leading to accumulation of arrears.
“Since the mills are unable to garner profit, they are not able to pay fair and remunerative price to sugarcane farmers. The sugar prices are neither going up, nor are we seeing an increase in consumption.”