India to Export Raw Sugar for first time in 3 years Due to High Global Prices

NEW DELHI: Indian sugar mills have signed deals to export raw sugar for the first time in three years as a rally in New York prices to seven-month highs along with Government subsidies made exports lucrative, five dealers and two industry officials said recently. Mills in the world’s second biggest sugar producer were reluctant to
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India will export 1-1.5 million tonne of raw sugar to China after almost a decade and is waiting for a formal notification from Beijing greenlighting the consignment. Though sugar exports attract a 50% duty in China, officials said it was still viable because of the high prices there. Raw sugar is the second product after
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The sugar industry wants the Government to allow export of 8 million tonnes of raw sugar in the 2018-19 crushing season ending September 30, in view of the second consecutive year of record production. The industry wants the Government to take a decision soon so that mills can plan to produce raw sugar, which is
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