date:Feb 10, 2014
/14 year with carry-forward stocks of 8.8 million tonnes, which led to local prices falling in the subsequent months to their lowest levels in 2-1/2 years.
The government is now considering providing incentives for production of raw sugar for exports.
India usually produces white sugar, but its ample supplies have depressed local prices below the cost of production. The government wants mills to produce raw sugar, which can be sold in the world market easily compared to white sugar.