As sugar prices plunge, PM Narendra Modi set to meet industry leaders
A delegation led by former Union agriculture minister Sharad Pawar, comprising representatives from the private and cooperative industry, will seek the Centre’s intervention to stay afloat. The industry will demand an increase in export limit to 8 million tonnes in the next 18 months, considering a record production of 32 million tonnes in crushing seasons of 2017-18 and 2018-19, leaving (higher) inventory of 11 million tonnes
The Centre needs to allow increase sugar export limit to 8 million tonnes from the present 2 million tonnes. Image source: PTI