The govt also has additional lever of stock control limits to force mills and stockists to flood the market and hence drive down prices. This might work in a normal or near deficit scenario, but with the kind of deficits forecast even in conf calls (Balrampur, DBIO) for SS24-25 – while prices might go down in short term, but lower residual stock might trigger higher sugar prices further.
Maybe with the leak, govt is either testing the waters or it’s a short term decision till crushing is half-done and then may be reversed/extended.
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