Sugar prices may spike up faster than anticipated as shortage is looming… it is inevitable in commodity business.
In long term sugar industry is looking good due to by-product usage and new uses like bio-chemicals. Bio-chemicals are necessary and will soon replace petro-chemicals (in a small way !!). Indian govt should have promoted this years back. Balrampur has started and others will follow. ENA usage is also increasing.
Govt should promote this industry instead of being fixated over controlling sugar prices - which is anyway not a big part of household expenditure - and no voters will not vote due to high sugar prices !!!
Sugar prices will never be low going forward.
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