Sugar Mills to Lose $1.1 Billion on Record Cane

Sugar Mills to Lose $1.1 Billion on Record Cane

Prashanth Vishwanathan/Bloomberg

A vendor weighs sugar at a wholesale market in New Delhi. Apart from limits on sales, mills must also sell 10 percent of their output typically below market rates to the government for resale to the poor at a subsidized cost to shield them from food inflation.