date:May 25, 2016
Indias likely transition from an exporter to importer comes amid a rally in global prices to a 20-month high, driven by prospects of the first world deficit in sugar in five years. Shrinking production and inventories mean the worlds largest sugar consumer may have to buy anywhere between 2 million metric tons to 6 million tons in 2016-17, according to RCMA Commodities Asia Pte.
We should have imports in the interest of consumers and to prevent a possible increase in prices in case of any unav