Agriculture

Indian mills contract to export 27 lakh tonnes of sugar, says trade body

Updated : April 21, 2019 02:04 PM IST

India, the world's biggest sugar consumer, late last year approved incentives to encourage cash-strapped mills to export at least 50 lakh tonnes of sugar in the 2018/19 season to help prop up prices by trimming bulging stocks.

Mills have already shipped out 17 lakh tonnes of the sweetener.

Indian mills contract to export 27 lakh tonnes of sugar, says trade body

Indian sugar mills have contracted to export 27 lakh tonnes of sugar since the current season began on October 1, a leading trade body said on Thursday.

Mills have already shipped out 17 lakh tonnes of the sweetener, Praful Vithalani, president of the All India Sugar Trade Association, said.

Indian mills have sold nearly an equal quantity of raw and refined, or white sugar, for which the top destinations are Bangladesh, Sri Lanka, Somalia, Iran and Sudan, Vithalani said.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more