Even as sugar prices have been trending higher since beginning of calendar 2021 anticipating lower global surplus position for the commodity, the recent sugar production data for Brazil pointing to further contraction in countrys volumes for the season aided in further uptick in international raw sugar prices, ICRA said.
Mills have contracted to export the entire 6 million tonne sugar quota assigned by the food ministry in January this year, All India Sugar Trade Association (AISTA) said in a statement.
Read more about India s sugar exports touch 4.25 mn tonnes so far this year: AISTA on Business Standard. Sugar mills in India have exported 4.25 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said