With slump in sugar demand, NFCSF urged the government to allocate lesser sugar quota for sale in the next month. For April, the government has fixed a record sugar sale quota of 22 lakh tonne.
The months of September and October are likely to see sugar sales of roughly 22-23 lakh tonne said Abinash Verma, Director General of Indian Sugar Mills Association (ISMA).
DP Maheshwari, managing director of Jayshree Tea says that the tea segment has done better than the sugar and chemical counterparts. Confusion over subsidy and pricing of products on the chemical sector has affected sales, he told CNBC-TV18 in an interview.