date:Jun 03, 2014
tion. New Delhi has also been giving sugar producers an incentive of 2,277 Indian rupees ($38.53) per tonne for exports. In coming months India can export a few thousand tonnes of white sugar if prices rise in the world market due to Ramadan or any other factor like El Nino, Rahil said. But large scale exports of white sugar are unlikely. Last year India signed white sugar export deals as demand from Asian buyers rose ahead of the Muslim fasting month of Ramadan.
FEARS OF DROUGHT El Nino, an a