It is distressing to learn through news reports that some villainous elements are lobbying to obtain green signal from the government for sugar import. If allowed, this measure will take a heavy toll on the sugar consumers. Crop yield has been reported to be below the target, because the crushing season is ending in April. Given the reason, there is likelihood that the overall sugar produce will drop to 3.5 million tons.
It means there will be half a million ton shortfall as annual domestic sugar requirement is estimated close to four million tons. The situation paints an upsetting scenario in favour of the elements lining up to exploit the market. However, it's government's responsibility to fend off sugar import at a time when there is fear of looming supply and demand problem.
Market watchers feel the government's inability will be implicit if it succumbs to the lobbying of the sugar importers. Since the country is reeling under pressing energy, food, oil crises, it becomes urgent for the present government not to allow the sugar import. Otherwise, it will only add to the government's worries.
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