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Woes of sugar industry likely to continue (The Hindu Business Line 1st Jan 2008) If it was a bitter year for the sugar sector in 2007, it is going to be still worse in 2008 unless some corrective measures taken to reverse the trend.
“It seems the problems that hit the industry in 2007 will continue to dog till July-August period. Of all the problems, liquidity crunch will be the toughest,” says Mr R.S. Bhalerao, Secretary of the South Indian Sugar Mills Association (SISMA – Andhra Pradesh).Production
The production has been pegged at 310 lakh tonnes (lt) for the whole of 2007-08 and the consumption requirement at 200 lt. “The remaining 110 lakh tonnes will have to be carried forward,” he said. More
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