date:Apr 01, 2012
ost and gain return on capital expenses, he said.
According to Verma, the price of sugar for free sale quota is driven by demand and supply. The mills have no control over the sugar pricing in the open market, he said. India produces around 248 lakh tonnes of sugar but the demand is around 228 lakh tonnes as demand supersedes supply the mills run into constant losses.
Also, sugar being an essential commodity, the prices are constantly monitored by the ministry of consumer affairs, food and pub