Regulation Sours Sugar Output
India: A shortage of sugar in India this year has been the main driver behind higher global sugar prices. While bad weather has been blamed for the fall in production, low farmer incomes and longer term problems have discouraged farmers from cultivating cane. This article from the FT highlights some of those problems:
http://www.ft.com/cms/s/0/1956bbec-9ef5-11de-8013-00144feabdc0.html?nclick_check=1
