Sugar Mills to Lose $1.1 Billion on Record Cane

Sugar Mills to Lose $1.1 Billion on Record Cane

Prashanth Vishwanathan/Bloomberg

A farmer stands on harvested sugar cane stalks loaded on a bullock cart near Modi Nagar, in Uttar Pradesh, India. The northern state of Uttar Pradesh raised cane prices by as much as 17 percent to a record for the 2012-2013 crop.