Raw Sugar Extends Loss on Prospect of Higher Exports ...
6 Articles
6 Articles
Govt to curb sugar glut by raising exports and diverting to ethanol - India Seatrade News
India aims to shield sugarcane farmers from income losses by managing surplus supplies through exports and diverting more sugar for ethanol production, a senior government official said on Thursday. Higher exports from the world’s second-largest sugar producer could pressure benchmark New York and London futures ,, which are hovering near five-year lows. “The surplus is going to hurt the farmers, which we cannot afford to do. So, in their intere…
Sugar Prices Retreat as India May Boost Sugar Exports
March NY world sugar #11 (SBH26 ) today is down -0.34 (-2.30%), and March London ICE white sugar #5 (SWH26 ) is down -6.80 (-1.61%). Sugar prices tumbled to 1-week lows today on the prospects of higher sugar exports from India after the country's food secretary said the government may...
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