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How El Nino May Make India's Sugar Less Sweet and More Expensive This Year

Source: NDTV — Latest (Feedburner) · 3 days ago
How El Nino May Make India's Sugar Less Sweet and More Expensive This Year
Image: NDTV

Summary

Authorities say that speculation and hoarding by parts of the sugar trade are helping to push up retail prices, and they warn that the El Niño weather pattern could further reduce India's sugar supply and raise costs.

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From the original report

Authorities have also flagged speculation and hoarding by some sections of the trade as contributors to the recent surge in retail prices.

Excerpt from NDTV — Latest (Feedburner).

Read the full story at NDTV

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