Cash Crunch Dampens India's Sugar Demand: Industry Body

Mumbai: India's sugar consumption in 2016-17 is likely to remain steady while the government's move to scrap high-value currency notes has affected demand, a leading industry body said on Friday. The country's sugar consumption in the new season, which started on October 1, is estimated to be between 24.5 million tonnes and 25 million tonnes, compared with 24.8 million tonnes a year ago. The industry body had earlier expected consu...