Lower than expected output and sticky inflation will complicate India’s sugar export plans. However, it will be good news for competing suppliers, Australia, Brazil and Thailand.
As on March 15, India has processed 28.18 million tonnes of sugar in the current season after diverting as much as 3.11 million tonnes to ethanol, according to Indian Sugar Mills Association (ISMA). This is slightly lower than the same period output in the previous year at 28.45 million tonnes. This is mainly on account
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