Saturday, 26 February 2011
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Sugar Price Drop May Delay Payment to Growers, Indian Mill Says
Sugar makers in India, the world's biggest user, may face difficulty in paying cane suppliers after local prices fell below the cost of production, according to Balrampur Chini Mills Ltd., the nation's second-biggest miller. "Arrears will mount as most mills are losing bank financing," Managing Director Vivek Saraogi said in an interview at his office in Kolkata yesterday. "Prices should trend
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