India is the 2nd largest sugar producer in the world next only to Brazil.
Sugar prices in the global market have been rising steadily in the past few years. Owing to a widening fall in production, the global sugar price is around 26 cents a pound, the highest in 28 years.
For various reasons the Indian sugarcane farmer will not benefit from this price rise
This year India will not be able to meet even its own domestic consumption of sugar.
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