News International Sugar Journal

India – Industry welcomes higher cane prices [Registered]

India has raised the price sugar mills must pay to cane growers from the next season starting in October, government sources stated in mid-March, boosting sugar output prospects. The possibility of higher output is also likely to boost the government’s confidence about stocks and prompt it to allow unrestricted exports of 500,000 tonnes of sugar which has been awaiting clearance for about two months. Higher supplies from India will ease global prices which rose by about a fifth this year on supply worries from Australia. This season to September, the minimum cane purchase price had been fixed at Rs139.12 ($3)…

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