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India’s sugar exports may double

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Sugar exports from India may double as farmers prepare to harvest the third-biggest crop ever, extending the country’s surplus for a sixth year.

Farmers will be shipping 2 million metric tons in the 12 months starting October 1, according to the median of six estimates from refiners, brokers and analysts compiled by Bloomberg. This compares with 700 000 tons to 800 000 tons this year, the Indian Sugar Mills Association says. Production will be 27.25 million tons from a record 28.4 million tons this year, estimates from eight survey participants show.