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export: Indian sugar mills rush to sign export contracts as prices rally
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Indian mills sign contracts to export 4 3 MT sugar
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Sugar mills rush to sign export contracts as prices rally
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Sugar mills rush to sign export contracts as prices rally
Reuters / Mar 17, 2021, 16:49 IST
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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
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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