Sugar to get more expensive as India set to miss export target
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Shipments may be only 4.9 million tons in the year that ends in September, according to the survey.
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. Updated: 02 Mar 2021, 03:17 PM IST Bloomberg
The world’s second-biggest producer, grappling with massive stockpiles, will ship almost 20% less than the government’s target and a forecast from a top industry group, traders and analysts said
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India is set to miss its goal for sugar exports this year because of a late start to shipments and logistical challenges, potentially providing further fuel to the sweetener’s blistering rally.
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