Indian mills slash sugar exports as local prices rally
Updated : June 18, 2018 04:05 PM IST
Lower shipments from the world's second-biggest sugar producer could support global prices, but would increase India's opening stocks for the next marketing season when output is expected to surge to a record.
Sugar is being sold at around 31,000 rupees ($456.00) per tonne in India, while exporters are getting less than 21,000 rupees per tonne.
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