Indian Sugar Annual Number 1953
At the close of the last season the factories were left with a total physical stock of about 5 lakh tons to be carried forward to the next year which is unprecdented in the history of the modern sugar industry in the country. [...] The press note stated that this was attributed to reluctance on the part of the trade to enter into fresh commitments in view of an anticipated fall in the price of the commodity and that this not only resulted in creating storage diffculties for the sugar mills but also in the stocks in the consuming centres running low. [...] In this connection it is necessary to draw the attetion of the Central as well as Uttar Pradesh Government to an alarming feature in the industry located in the Western Zone of the U. P. which is the largest single sugar producing zone in the country. [...] The sugar industry is the second largest in the country and the contribution that it has been able to make to the economy of the country has been significant. [...] The working of mixed ecnomy as in our country must be a merger of the valuable features of controlled economy and free economy so that the restrictive effects of the one do not vitiate the reslience of the other.