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Sugar: A bitter reality; no respite for mill owners

India’s sugar crisis is at its peak with almost Rs 21,000 crore remaining unpaid towards farmers. The government has refused to move to the Rangarajan formula of linking sugarcane prices to sugar. The industry has once again threatened to close sugar mills and the banks have refused to lend further to this debt ridden sector.

May 19, 2015 / 17:15 IST
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India’s sugar crisis is at its peak with almost Rs 21,000 crore remaining unpaid towards farmers. The government has refused to move to the Rangarajan formula of linking sugarcane prices to sugar. The industry has once again threatened to close sugar mills and the banks have refused to lend further to this debt ridden sector.

In the midst of all this is there hope at the end of the tunnel. Watch accompanying videos to find out more.

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first published: May 19, 2015 05:15 pm

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