Uttar Pradesh sugar mills fret as molasses slumps to 1 rupee/100 kg

There seems to be no end to the troubles of the sugar industry in Uttar Pradesh. While the mills in the state are already struggling to pay cane farmers due to a dip in sugar prices, there’s a fresh crisis brewing. The prices of molasses in Uttar Pradesh have nosedived to a record low of 1 rupee per 100 kg due to higher production this year and restrictions in their free flow.