India: Pricing uncertainty forces Uttar Pradesh sugar mills to shut down

The Economic Times (Nov. 20, 2013) | The fate of Uttar Pradesh’s Rs 35,000-crore sugar industry, which is the sole and largest agriculture-based industry, hinges on one decision – the price of sugarcane. After rumours have been rife about no crushing season in the state, UP sugar mills have officially declared that the sugar industry of the state would stand non-operative till the Rangarajan formula is adopted to fix the cane price.