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export: Indian sugar mills rush to sign export contracts as prices rally

export: Indian sugar mills rush to sign export contracts as prices rally
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Indian sugar mills rush to sign export contracts as prices rally

2 Min Read MUMBAI (Reuters) - Indian mills have contracted to export 4.3 million tonnes of sugar so far in the 2020/21 season ending on Sept. 30, a trade body said on Wednesday, as a rally in global prices to a four-year high and an export subsidy makes overseas sales lucrative. Labourers carry sacks filled with sugar to load them onto a supply truck at a wholesale market in Kolkata, India, April 5, 2018. REUTERS/Rupak De Chowdhuri/Files Higher exports from the world’s second biggest sugar producer could cap gains in global prices, which have been buoyed by lower production in Thailand, the world’s second biggest exporter.

Sugar mills rush to sign export contracts as prices rally

Sugar mills rush to sign export contracts as prices rally Top Searches Sugar mills rush to sign export contracts as prices rally Reuters / Mar 17, 2021, 16:49 IST FacebookTwitterLinkedinEMail Sugar exports will help India reduce stockpiles and support local prices of the sweetener. (Representative image) MUMBAI: Sugar mills have contracted to export 4.3 million tonnes of sugar so far in the 2020-21 season ending on September 30, a trade body said on Wednesday, as a rally in global prices to a four-year high and an export subsidy makes overseas sales lucrative. Higher exports from the world s second biggest sugar producer could cap gains in global prices , which have been buoyed by lower production in Thailand, the world s second biggest exporter.

Sugar output up 20% at 259 lakh tonnes till March 15 - The Hindu BusinessLine

Sugar output up 20% at 259 lakh tonnes till March 15 March 17, 2021 Mills sign contracts for around 43 lt against a total export quota of 60 lt Sugar mills in the country produced 258.68 lakh tonnes (lt) of sugar till March 15 nearly 20 per cent more than 216.13 lt produced in the corresponding period in the previous sugar season riding mainly on significantly improved performance of mills in Maharashtra, Indian Sugar Mills Association (ISMA) said on Wednesday. Of the 502 mills in the country, 331 are still crushing sugarcane while 171 had stopped crushing already. During the previous sugar season, 319 were in operation while 138 mills stopped crushing in the same period.

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