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NEW DELHI, Jan 1 Asia Pulse - The year 2001 was a mixed bag for the sugar sector as it achieved some of its goals..
The sector saw a lifting of quantitative ceiling on exports, doing away with registration cum allocation export certificates, go-ahead for futures trading, switching over to quarterly domestic release quota, clearance for export subsidies and concessions, amongst others.
However, the downside was that cane pricing structure needs reform, post-decontrol levy mechanism has to be devised, large-scale ethnanol manufacture and cogeneration of power is yet to become a reality, cane price arrears are substantial and raw sugar exports nil.
Being a "political economy", factors other than economic ensure that cane price is divorced from reality ...
Source: HighBeam Research, ANALYSIS - INDIA'S SUGAR SECTOR SEES MIXED RESULTS IN 2001.