Corrected: India could export 4-6 million tonnes sugar in 2018/19: Sucden India head

Bs_logoImage
Reuters MUMBAI
Last Updated : Sep 05 2018 | 6:55 PM IST

(Corrects paragraph 2 to world's second-biggest producer, not consumer)

MUMBAI (Reuters) - India is likely to export 4 to 6 million tonnes of sugar in the 2018/19 marketing year starting next month as production could hit a record high, a senior industry official said on Wednesday.

The world's second-biggest producer is likely to export 2.5 million tonnes white sugar and remainder as raw sugar, said Yatin Wadhwana, head of Sucden India.

India has been struggling to export its massive surplus as prices in the world market are trading at steep discounts to local prices.

India should make it compulsory for sugar mills to export at least 7 million tonnes of sugar in the 2018/19 marketing year, the head of a leading trade body said.

(Reporting by Mayank Bhardwaj; Editing by Malini Menon)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 05 2018 | 6:48 PM IST