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ANALYSIS - INDIA'S SUGAR SECTOR SEES MIXED RESULTS IN 2001.

AsiaPulse News

| January 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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Source: HighBeam Research, ANALYSIS - INDIA'S SUGAR SECTOR SEES MIXED RESULTS IN 2001.

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