Saturday, January 13, 2007

‘Timing of lifting sugar exports’ ban wrong’

FE reports
The government’s decision to lift ban on sugar exports has not at all enthused the sugar industry. Although the industry welcomed the move, it said the timing was wrong since the industry would not benefit from exports as the international sugar prices are almost the same with that of the domestic market. Sugar prices are quoted at around Rs 1,350 per quintal in domestic and international markets.
A telling example. Shows that when businessmen argue for freer markets (wow, i am really influenced by fuller CAC) it's not for free markets, does this not?

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