News International Sugar Journal

India – sugar surplus expected in 2011/12 [Registered]

India, is expecting a sugar surplus in 2011/12, according to Abinash Verma, director general of the Indian Sugar Mills Association. He said he expects a decision soon from Indian authorities regarding the possible export of up to 500 000 tonnes of sugar under the Open General Licence Representatives from the Indian sugar industry have urged the state to lift the sugar export ban over the next two months in an attempt to boost domestic prices. While international prices soared to 30-year highs in recent weeks, India is facing plentiful supplies and plunging prices. Verma told Reuters that the country is…

Login or sign up

Create an account

Lost your password?