Sugar mills say exports not viable unless prices r
       Date 13-Mar-2015
       Source TheEcnomics Times
       Reporter TheEcnomics Times
       News Id 1693
Sugar mills will be unable to sign any major export deals despite recent government incentives if prices do not rise about 10 per cent to 14.4 cents per pound, a top industry official said. A. Vellayan, president of the Indian Sugar Mills Association, said the struggle to sell sugar is weighing on the mills’ ability to pay sugarcane farmers dues of about Rs 15000 crore ($2.39 billion). Government decided in February to give mills a subsidy of Rs 4,000 ($64) a tonne for expor .. Read more at: