Lower Chinese demand, sharp corrections in crude oil prices, and expectation of further hike in FRP are not good news for the Indian sugar Industry.
Ending all speculations, the Indian government cleared the export of 6 million tonnes of sugar for the 2022/23 SS on November 5. According to the Indian Sugar Mills Association (ISMA), its members have already closed export deals worth 3.5 million tonnes as price realisation from export of both raw and white sugar is better than
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