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Cash Flow Crunch Forces Indian Sugar Mills to Shut Despite Record Output

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Indian sugar mills are shutting down operations even as the country records historically high sugar production. The closures stem from a cash flow problem: mills are legally obligated to pay sugarcane farmers within a fixed timeframe. However, mills typically receive payments from sugar and ethanol sales on a delayed basis, creating a financial gap. This mismatch between outgoing farmer payments and incoming revenue leaves mills unable to sustain operations despite strong production figures.

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Cash Flow Crunch Forces Indian Sugar Mills to Shut Despite Record Output · ShortSingh