(Bloomberg) -- India, the world's second-biggest
sugar producer, may export as much as 500,000 tons of raw sugar
for the first time in the year starting October to reduce costs
as global prices slump amid record production.
Indian Sugar Exim Corp., an industry-funded trading firm,
won a contract to ship 200,000 tons to Dubai-based Al Khaleej
Sugar, Asia's largest refiner, Vinay Kumar, member secretary of
Sugar Exim, said today in a phone interview. The company hopes to
secure more orders when it starts supplying in December.
Read more at Bloomberg Commodities News
sugar producer, may export as much as 500,000 tons of raw sugar
for the first time in the year starting October to reduce costs
as global prices slump amid record production.
Indian Sugar Exim Corp., an industry-funded trading firm,
won a contract to ship 200,000 tons to Dubai-based Al Khaleej
Sugar, Asia's largest refiner, Vinay Kumar, member secretary of
Sugar Exim, said today in a phone interview. The company hopes to
secure more orders when it starts supplying in December.
Read more at Bloomberg Commodities News
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