This article is more than 2 year old.

Indian mills contract to export 2.2 million tonnes sugar

Mini

Indian sugar mills have contracted to export 2.2 million tonnes of sugar since the current marketing season began on October 1, a leading trade body said on Thursday.

Indian mills contract to export 2.2 million tonnes sugar
Indian sugar mills have contracted to export 2.2 million tonnes of sugar since the current marketing season began on October 1, a leading trade body said on Thursday.
Mills have already shipped out a little over a million tonnes of the sweetener, Praful Vithalani, president of the All India Sugar Trade Association, said.
"So far India has exported almost an equal amount of raw and white sugar for which the top three destinations are Bangladesh, Sri Lanka and Somalia," Vithalani said.
Prime Minister Narendra Modi's cabinet late last year approved incentives to encourage cash-strapped mills to export at least 5 million tonnes of sugar in the 2018/19 season to help prop up prices by trimming bulging stocks.

    Market Movers

    CompanyPriceChange%Gain
    TATA Cons. Prod735.90 16.40 2.28
    NTPC119.80 2.00 1.70
    Nestle17,965.20 280.40 1.59
    ONGC126.70 1.35 1.08
    HUL2,407.90 15.95 0.67
    CompanyPriceChange%Gain
    Nestle17,972.45 292.95 1.66
    NTPC119.80 1.90 1.61
    ONGC126.65 1.30 1.04
    HUL2,409.15 18.00 0.75
    Infosys1,480.30 7.45 0.51
    CompanyPriceChange%Loss
    Adani Ports706.70 -55.15 -7.24
    Tata Steel1,142.15 -32.15 -2.74
    JSW Steel705.40 -19.70 -2.72
    Hindalco380.25 -10.60 -2.71
    Power Grid Corp242.15 -5.45 -2.20
    CompanyPriceChange%Loss
    Power Grid Corp242.10 -5.40 -2.18
    IndusInd Bank1,013.70 -19.85 -1.92
    Reliance2,211.65 -38.05 -1.69
    Larsen1,490.65 -20.30 -1.34
    Bajaj Finance6,083.00 -77.70 -1.26

    Currency

    CompanyPriceChng%Chng
    Dollar-Rupee73.32250.01000.01
    Euro-Rupee88.8280-0.1020-0.11
    Pound-Rupee103.39600.09700.09
    Rupee-100 Yen0.66690.00080.11