10/21/2015

Rising global sugar prices to help India mills meet export target

Indian sugar mills will meet government demands to export 4 million tonnes of the sweetener in the marketing year beginning this month, helped by surging global prices and potential new markets such as China and Indonesia, the world's biggest sugar consumer and its No.2 producer, last month unveiled new rules making it compulsory for mills to step up exports to at least 4 million tonnes in the current crushing season to reduce large stockpiles.