India nonetheless ready for world sugar costs to rise to strike export offers: ISMA

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Indian sugar mills are nonetheless ready for world sugar prices to rise to enter into additional export offers, business physique ISMA mentioned on Monday. Owing to fall in world costs of uncooked sugar, not many export contracts occurred within the final one month or so, past the 38-40 lakh tonne of export contracts which have already been signed, it mentioned in a press release.

“Since nearly 9 months are left for the present season, mills are nonetheless ready for the opportune time to enter into additional export contracts,” Indian Sugar Mills Association (ISMA) added.

Throughout October-November interval of the continued 2021-22 season, sugar mills exported over 6.5 lakh tonne of sugar, larger than three lakh tonne within the year-ago interval.

Within the home market, ISMA mentioned mills offered 47.50 lakh tonne of sugar throughout October-November, in opposition to the federal government fastened sale quota of 46.50 lakh tonne for a similar interval.

Whole sugar manufacturing reached 115.55 lakh tonne throughout the two months underneath overview, as in opposition to 110.74 lakh tonne within the year-ago interval.

The dashing operation is underway in sugarcane rising states.



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