Additional shipments from India, the world's biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.
Additional shipments from India, the world’s biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.
News reports say the government is lowering the amount of sugar that can be exported in the new sugar season. Mills won’t be happy
India, the world's third biggest oil importer and consumer, has expedited efforts to double ethanol blending with gasoline to 20% from the current 10% across the country from 2025/26.
According to the latest figures issued by industry group ISMA on Wednesday, sugar exports from India , reached a new high of 8.6 million tonne in May of the current marketing year.
White sugar futures are at a five- and-half-year high. Sugar prices are as high as $597 a ton. Manisha Gupta gets us the details and tells us why the prices are rising.
Sugar production stood at 30.63 million tonne in the year-ago period. The sugar marketing year runs from October to September.
Higher local prices will keep margins intact of sugar makers such as Balrampur Chini, Shree Renuka Sugars, Dalmia Bharat Sugar and Dwarikesh Sugar and help them in making cane payments on time to farmers.