Indian sugar mills owe record $4,38 billion to cane growers

India's money-losing sugar mills have run up a record $4,38 billion (Rs 30,335 crore) in arrears to 50 million cane farmers, who have gone unpaid for their produce for more than a year.
It is reported by Reuters.
Years of bumper cane harvests and record sugar production have hammered domestic prices, hitting mills' financial health to such an extent that monies owed to farmers...