The ascendency of India as an economic world power

The harvest of sugar has been too good for the farmers of India. However, when the harvest of any agricultural product is too much good then often the farmers become sad instead of happiness. In fact, when the harvest is too good that means that the price of this product may fall down in the market. This thing has happened for sugar. The good news is that India is going to export raw sugar to Kazakhstan.

The Hindu wrote:

India plans to export raw sugar to Kazakhstan as sugarcane growers and mills in the world's second-biggest producer of the sweetener face declining prices in the wake of record output.

''Kazakhstan has requested India to export raw sugar immediately to contain the prices of foodstuff,'' an official release said here on Tuesday.

It said India recorded an unprecedented harvest of sugarcane this year and is ready to export extra sugar to countries, which are in need. In 2006-07 season, India produced 282 lakh tonnes of sugar. Maharashtra produced 90.8 lakh tonnes, while Uttar Pradesh's sugar output stood at 85.3 lakh tonnes. Karnataka and Tamil Nadu produced 26.5 lakh tonnes and 24.5 lakh tonnes respectively.

This is good news for the sugarcane farmers. I feel that Indian government should also seek market in the neighboring countries in South Asia for its sugar.