🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

India likely to export about 2 mln T sugar in 2015/16-trade body

Published 18/03/2016, 07:09 pm
India likely to export about 2 mln T sugar in 2015/16-trade body

MUMBAI, March 18 (Reuters) - India, the world's second-biggest sugar producer, is likely to export 1.9 million tonnes to 2 million tonnes of sugar in the 2015/16 marketing year started on Oct. 1, a leading trade body said in a statement on Friday.

Sugar mills have so far contracted 1.4 million tonnes for exports and another 500,000 tonnes to 600,000 tonnes could be shipped by September end, the Indian Sugar Mills Association said.

In the current year, so far mills have produced 22.13 million tonnes of sugar, almost steady compared with last year's output of 22.16 million tonnes during the same period, it said.

The first back-to-back drought in nearly three decades has trimmed cane supplies and forced 189 sugar mills to close operations, including 91 mills in top producing western state of Maharashtra, it said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.