Posted on March 11, 2022

Sugar mills in India signed contracts to export 550,000 tonnes recently. Surging global prices and a weak rupee have made exports more lucrative.

Higher exports from India – which is the world’s second-biggest sugar producer – could pull back the increase in global prices. Lower output in the top exporter Brazil have helped to inflate prices.

Export shipments will help India reduce its stockpile and support the local prices.

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