NEW DELHI: India, the world’s second biggest sugar producer, will have sufficient surplus stocks of the commodity to allow exports in the season beginning October 1, a senior government official said on Friday.
Exports by India could weigh on global prices, but would help the Indian government support local sugar prices and ensure farmers receive the guaranteed minimum price for their cane from sugar mills.
“There will be scope for sugar exports in the new season,” Ashwini Srivastava, joint secretary at the Department of Food and Public Distribution, said at a global . . .
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