06-02-2012, 01:29 PM
Indian Sugar Industry
[attachment=17175]
Sugar industry is the second-largest agro based industry after textile, employing 0.5 million people in the sugar mills and 50 million farmers engaged in sugarcane cultivation. India is the largest consumer and the second largest producer of sugar across the globe. Sugar industry is largely driven by domestic consumption. It contributes approximately. Indian sugar industry is again entering the supply glut situation after witnessing a production shortfall in the previous two sugar season - SS2008-09 and SS2009-10. However, allowing exports would help maintain the sugar prices which peaked in SS2009-10.
DISCLAIMER
This report is prepared by CARE Research, a division of Credit Analysis & REsearch Limited [CARE]. CARE Research has taken utmost care to ensure accuracy and objectivity while developing this report based on information available in public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed. CARE Research operates independently of ratings division and this report does not contain any confidential information obtained by ratings division, which they may have obtained in the regular course of operations. The opinion expressed in this report cannot be compared to the rating assigned to the company within this industry by the ratings division. The opinion expressed is also not a recommendation to buy, sell or hold an instrument.