How sugar industry has managed to break out from surplus-shortage cycle

The president of Indian Sugar Mills Association (ISMA) Vivek M Pittie claims on the basis of empirical evidences of recent years that this country, which in the last two seasons overtook Brazil to emerge as the world’s largest producer of the sweetener, has ceased to be visited by the “infamous cycle” in the commodity.The phenomenon of the past when “three to four years of surplus production would be followed by two to three years of shortfall in output,” as Pittie points out, would see India alternating as an exporter in times of abundance of supply and an import.....

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