'“When returns from paddy, wheat, cotton or pulses are far more remunerative, why should any farmer lock up his land under sugarcane for more than twice the duration? The shift to paddy will be more in central and eastern UP than in the western parts, where the flexibility to forsake cane is less,” the farmer leader pointed out.'
Sugar needs to take out its all time high IMO (64 cents). It is trading almost 80% below its all time high as is commonly pointed out by the commodities guru Jim Rogers.
