The Copersucar has predicted a global sugar deficit of 3 million metric tonnes in the 2020/21 year that ends in September. The deficit would continue further for the next season 2021/22, said the Valor Economico.
S&P Global Ratings said on Friday that Covid-19 pandemic can worsen structural deficits and indebtedness of Indian state governments despite a likely rebound in national economy over the next 12 to 24 months.
Sugarcane farmers under leadership of BKU Lok Shakti district unit head Chaudhari Vir Sinh Saharawat have demanded that the sugar mills should pay farmers their pending cane dues with interest on it. They have submitted the memorandum of their demand to the SDM in this regard.