Living Off Subsidies and Still $3B in the Hole

Living Off Subsidies and Still $3B in the Hole

Understanding the labyrinth that India calls a sugar policy can be tough – especially with new subsidy schemes announced on a near weekly basis – but we’ll give...

Understanding the labyrinth that India calls a sugar policy can be tough – especially with new subsidy schemes announced on a near weekly basis – but we’ll give it a shot.

Each year, the Indian government mandates the price that sugar mills have to pay farmers for stalks of sugarcane that will be milled into raw sugar. And because sugar farmers are plentiful and politically powerful, that price for their cane crop is always pretty high.  Read more