Sugar exports still low despite surplus stock
Sharath Chowdary India is not only the second biggest producer of sugar but also one of the top sugar consumers in the world. With the increased prices in the country, the sugar merchants prefer selling in domestic markets rather than exporting to other countries, said experts from the industry. This is also because of the drought conditions prevailing in the country and low sugar prices globally. The government has set a target to export 32 lakh tonnes sugar in this sugar season (1 October 2015 to 30 September 2016). Due to less production and higher domestic prices, the sugar mills have exported only 15 lakh tonnes sugar till now in this sugar season, Sanjeev Babar, Managing Director of Maharashtra State Cooperative Sugar ...
