Ramesh Chand panel to suggest solution for India’s sugarcane sector
The government has constituted a high-level panel led by economist Ramesh Chand to address long-standing issues in the sugarcane sector. The committee includes officials from the agriculture, food, and consumer affairs ministries, tasked with finding a solution to the recurring payment crisis faced by millers and farmers.
This move is significant for investors as the sector has been plagued by delayed payments and high cane prices, which have squeezed the margins of sugar companies. A resolution to these structural issues could improve the financial health of the industry and boost the performance of related stocks.
Investors should watch for the committee's recommendations, particularly any policy changes regarding cane pricing or the release of funds. Such measures could signal a more stable operating environment for the sector, potentially leading to improved profitability for sugar producers.
Excerpt from BusinessLine
The food ministry has constituted a 5-Member panel under former Member of Niti Aayog Ramesh Chand to suggest corrective and policy measures for remunerative returns to sugarcane farmers as well as whether to increase the statutory ex-mill price of sugar. “Pursuant to the decisions taken during the meeting of…Read the original at BusinessLine
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