Pune - India is expected to issue the order to allow the export of 1 million metric tonnes of sugar in the current season to help clear the country’s surplus stock, reported by the media, citing government and industry sources aware of the development.
India is the second-largest sugar-producing nation in the world after the South American giant Brazil. The nation exports volumes averaging 6.8 million tonnes per year.
This export decision is aimed to help support the local sugar prices in India, as per the report.
Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.
You cannot copy content of this page
