update

     Sugar stocks were in limelight as the UP sugar crisis intensified with mill owners serving suspension notice to state government. Further towards this development, the Indian Sugar Mills Association (ISMA) warned that crushing operations at UP mills would not take place in 2014-2015, besides highlighting that UP sugar mills were still struggling to survive on high cane cost while cane price arrears, which were currently at alarmingly high levels. Criticizing that none of the promises made by UP government have been fulfilled, ISMA has accused the state government of coercive action.