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Indian export to benefit from strong sugar prices globally

Indian export to benefit from strong sugar prices globally FE Bureau © Provided by The Financial Express Significantly, research institutes and sugar exporters have predicted that the growth of sugarcane in Brazil will be hampered by low soil moisture, which is conducive to the growth of sugarcane. Prices of sugar in the international market have picked up on talks of declining production in Brazil, the world s largest sugar supplier. This is likely to benefit sugar exports from India, industry people said. Global sugar prices rose by 20% in April. Brazilian production is going to almost 7-8 million tonne less than last year while Thailand produced 7-8 million tonne less than its normal production, they pointed out.

Prakash naiknavareRahil shaikhAbhijit ghorpadeNational federation of cooperative sugar factoriesIndia sugar trade associationWilmar internationalEuropean unionFarmers groupFinancial express significantlyAll india sugar trade associationNational federationCooperative sugar factoriesரஹில் ஷேக்தேசிய கூட்டமைப்பு ஆஃப் கூட்டுறவு சர்க்கரை தொழிற்சாலைகள்இந்தியா சர்க்கரை வர்த்தகம் சங்கம்வில்மர் சர்வதேச

Indian trade houses vying for sugar exports due to bullish global demand and suppressed domestic prices

Indian trade houses vying for sugar exports due to bullish global demand and suppressed domestic prices Share Synopsis Exporters are getting Rs 1-2 per kg more than the minimum selling price (MSP) of Rs 31 per kg set by the government. However, traders said a large quantity of sugar is sold below MSP by the sugar mills due to surplus availability. Agencies Thanks to the profitability and good demand for raw sugar, a section of traders is trying to get an additional quota of a million tonnes exclusively for export of raw sugar. Sugar exports have become more lucrative than sale in the domestic market for India’s traders thanks to increase in international prices, which are supported by concerns over production by major sugar producers such as Brazil and Thailand and rising crude oil prices.

Uttar pradeshSri lankaPrful vithalaniAbhijit ghorpadeIndia sugar traders associationAll india sugar tradersDomestic marketSugar exportsஉத்தர் பிரதேஷ்ஸ்ரீ லங்காஇந்தியா சர்க்கரை வர்த்தகர்கள் சங்கம்அனைத்தும் இந்தியா சர்க்கரை வர்த்தகர்கள்உள்நாட்டு சந்தைசர்க்கரை ஏற்றுமதிகள்

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