Sugar exports continue to lag on weak global prices

India’s sugar exports continue to lag behind the government’s 5 million tonnes target for the current marketing year, on the back of weakening global prices, making it unattractive for local mills to export.

Sugar exports from October 1, 2018 to May 13, 2019 stood at 2.13 million tonnes, according to data from the All India Sugar Trade Association (ISMA).

India’s sugar mills are expected to fulfill export obligations as per allotted quota for the marketing year to reduce the supply glut in domestic markets. “Mills are shying away from exports as global prices are not attractive at the moment,” an official from the Indian Sugar Mills Association said.

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