I read quite a few annual reports of sugar companies and one trend that was similar was the shutdown of mills for crushing this season. Most of the mills will not be crushing sugarcane this season which should lead to a lower output next year which i think is being discounted in the prices of companies. However this sector being completely riddled with politicians don’t understand how long such a situation is feasible. The conundrum is that even with higher SAP’s & FRP’s neither the farmer or mill owner is happy. So it becomes difficult to take a bet on this.
| Subscribe To Our Free Newsletter |
