India poised to export sugar in new season due to ample stocks
India, a major sugar producer, anticipates surplus sugar for export starting October 1. This move could impact global sugar prices. The government aims to support local prices and ensure fair payments to sugarcane farmers. Ashwini Srivastava mentioned a positive outlook for the upcoming season's output. Ethanol production from sugarcane is also expected to reach a record high.
India, a major sugar producer, anticipates surplus sugar for export starting October 1. This move could impact global sugar prices. The government aims to support local prices and ensure fair payments to sugarcane farmers. Ashwini Srivastava mentioned a positive outlook for the upcoming season's output. Ethanol production from sugarcane is also expected to reach a record high.
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