LOK SABHA ELECTIONS 2019: INDIA DECIDES

Business Economy 11 Apr 2019 Indian mills contrac ...

Indian mills contract to export 2.7 million tonnes sugar: Trade body

REUTERS
Published Apr 11, 2019, 12:07 pm IST
Updated Apr 11, 2019, 12:07 pm IST
Mills have already shipped out 1.7 mn tonnes of sugar, Praful Vithalani, chief of All India Sugar Trade Association, said.
India, the world’s biggest sugar consumer, late last year approved incentives to encourage cash-strapped mills to export at least 5 million tonnes of sugar in the 2018-19 season to help prop up prices by trimming bulging stocks. (Photo: File)
 India, the world’s biggest sugar consumer, late last year approved incentives to encourage cash-strapped mills to export at least 5 million tonnes of sugar in the 2018-19 season to help prop up prices by trimming bulging stocks. (Photo: File)

New Delhi: Indian sugar mills have contracted to export 2.7 million tonnes of sugar since the current season began on Oct. 1, a leading trade body said on Thursday.

Mills have already shipped out 1.7 million tonnes of the sweetener, Praful Vithalani, president of the All India Sugar Trade Association, said.

 

Indian mills have sold nearly an equal quantity of raw and refined, or white sugar, for which the top destinations are Bangladesh, Sri Lanka, Somalia, Iran and Sudan, Vithalani said.

India, the world’s biggest sugar consumer, late last year approved incentives to encourage cash-strapped mills to export at least 5 million tonnes of sugar in the 2018-19 season to help prop up prices by trimming bulging stocks.

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Location: India, Delhi, New Delhi




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