India to crack down on sugar sales below floor price

Author: 
Reuters
article author: 
ID: 
1553687368311755200
Wed, 2019-03-27 11:44

MUMBAI: The Indian government has asked regional cane commissioners to take action against sugar mills selling sugar below a government-mandated price, a letter seen by Reuters showed.
The sugar mills are facing a cash crunch as they also have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar, and they are heavily in arrears in those payments.

Main category: 
Tags: 


from ArabNews https://ift.tt/2YvqX1R
via Latest News of Dubai

Post a Comment

0 Comments