Deepayan Debnath

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With global sugar prices falling, speculators are forecasting a further drop to 8 cents a pound (about 0.45 kg) in 2018-19. They blame India for shipping an additional 6 million metric tons (MT) of sugar globally. However, India’s domestic sugar millers will continue to struggle for profits as the expected increase in export will not be enough to offset the additional 10 million MT of sugar produced in 2017-18 over the previous year.